Allied Properties REIT Completes $115M Public Equity Offering

Allied Properties Real Estate Investment Trust (REIT) completed a public offering of 3,834,100 units (inclusive of 500,100 units issued pursuant to the exercise in full of the underwriters' over-allotment option) at a price of $30.00 per unit for gross proceeds of just over $115 million.

The units were offered on a bought deal basis by a syndicate of underwriters led by Scotiabank and including RBC Capital Markets, CIBC, BMO Capital Markets, TD Securities Inc., Macquarie Capital Markets Canada Ltd., National Bank Financial Inc., Canaccord Genuity Corp., Desjardins Securities Inc., Dundee Securities Ltd. and GMP Securities L.P.

Aird & Berlis LLP represented Allied Properties REIT with a team comprising Margaret Nelligan, Sherri Altshuler, Anne Markle and Matthew Liberatore (corporate/securities); Barbara Worndl (tax) and Mike Smith and Steven Pavlides (real estate).

Stikeman Elliott LLP represented the syndicate of underwriters with a team comprising David Ehrlich, David Weinberger, Andrew Bozzato and Amy Hu (corporate/securities); John Lorito and Jill Winton (tax) and Melissa Schyven (real estate).


Anne Miatello Melissa Schyven Michael D. Smith Sherri Altshuler Margaret T. Nelligan Barbara J. Worndl Steven Pavlides David Weinberger Amy Yu-Chieh Hu David Ehrlich Jill Winton Andrew Bozzato John G. Lorito