Allied Properties Reit completes $345-million public equity offering

Allied Properties completes public offering

On June 19, 2019, Allied Properties Real Estate Investment Trust (“Allied”) completed a public offering of 7,176,000 units (inclusive of 936,000 units issued pursuant to the exercise in full of the underwriters’ over-allotment option) at a price of $48.15 per unit for gross proceeds of just over $345 million. The units were offered on a bought deal basis by a syndicate of underwriters led by Scotiabank, RBC Capital Markets and Goldman Sachs Canada Inc.

Aird & Berlis LLP represented Allied with a team comprised of Margaret Nelligan, Sherri Altshuler, Anne Miatello, Melanie Cole, Liam Tracey-Raymont and Amy Marcen-Gaudaur (Corporate and Securities), Mike Smith, Neill Kalvin and Zale Skolnik (Real Estate) and Barbara Worndl (Tax).

Stikeman Elliott LLP represented the syndicate of underwriters as Canadian counsel with a team comprised of David Weinberger, Cara Cornacchia and Benjamin Jain (Corporate and Securities), Melissa Schyven and Kevin Chen (Real Estate), and Lindsay Gwyer (Tax).

Lawyer(s)

Margaret T. Nelligan Sherri Altshuler Anne Miatello Melanie Cole Mike Smith Neill J. Kalvin Barbara J. Worndl David Weinberger