Allied Properties REIT completion of $500 million green bond offering

On Aug. 6, Allied Properties Real Estate Investment Trust (“Allied”) completed a $500 million debt offering of 3.095 per cent series I senior unsecured debentures pursuant to a prospectus supplement dated Aug. 3, 2021 to a short form base shelf prospectus dated June 2, 2021. The debentures are Allied’s second Green Bond issuance under its previously announced Green Financing Framework. The debentures were offered on an agency basis by a syndicate of agents led by Scotia Capital Inc., BMO Nesbitt Burns Inc. and CIBC World Markets Inc.

Aird & Berlis LLP represented Allied with a team composed of
Margaret Nelligan,
Sherri Altshuler,
Melanie Cole,
Liam Tracey-Raymont,
Amy Marcen-Gaudaur,
Russell Sanders,
Meredith McCann (corporate and securities),
Mike Smith,
Ethan Eisen (real estate),
Barbara Worndl (tax).

Stikeman Elliott LLP represented the syndicate of agents with a team composed of
Colin Burn,
Hayley Gilbert,
Aaron Koch (corporate and securities),
Scott Brasil,
Luca Di Donato (real estate).


Sherri Altshuler Melanie Cole Mike Smith Colin Burn