H&R Real Estate Completes $100M Bought Deal Equity Offering

On March 1, 2001, H&R Real Estate Investment Trust completed a $100 million bought deal equity offering, pursuant to which it sold 8.3 million units to the public at $12.20 per unit. The offering was handled by a syndicate of underwriters led by Merrill Lynch Canada Inc. H&R is a closed-end real estate investment trust that owns and operates a portfolio of 80 office, build-to-suit industrial and retail properties. The net proceeds of the offering were used to fund acquisitions of additional real estate properties, to reduce indebtedness and for general trust purposes.

H&R REIT was represented by Will Fung, Jules Lewy and Dan Dishy of Fraser Milner Casgrain LLP, and real estate matters were handled by David Kutner of Minden Gross Grafstein & Greenstein LLP. Goodmans LLP acted for the underwriters of the offering with a team that included David J. Matlow, Neil Sternthal, Ken Herlin, Jeff Shore, Alan Bowman and Matt Angus.


Jules Lewy Ken Herlin David M. Kutner David J. Matlow Matthew Angus Neil A. Sternthal Dan Dishy Leanne S. Cherry William Fung Jeffrey Shore