Allied Properties REIT completes $230M public equity offering

On March 7, 2019, Allied Properties Real Estate Investment Trust (“Allied Properties REIT”) completed a public offering of 4,968,000 units (inclusive of 648,000 units issued pursuant to the exercise in full of the underwriters’ over-allotment option) at a price of $46.30 per unit for gross proceeds of just over $230 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 Properties REIT 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 and Neill Kalvin (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 Ciaron Czajkowski (Real Estate), and Lindsay Gwyer (Tax).

Lawyer(s)

Margaret T. Nelligan Sherri Altshuler Barbara J. Worndl David Weinberger Melissa Schyven