Goodmans LLP is representing the Special Committee of Northview Apartment REIT (the REIT) in connection with the acquisition of Northview Apartment REIT by affiliates of Starlight Group Property Holdings Inc. and KingSett Capital Inc. The transaction involves an offer price of $36.25 per unit of the REIT, pursuant to the terms of an arrangement agreement dated Feb. 19, 2020. The offer price represents a total equity value of approximately $2.5 billion on a fully diluted basis and a total transaction value of approximately $4.8 billion including the assumption of net debt. Northview REIT is one of Canada’s largest publicly traded multi-family REITs with a portfolio of approximately 27,000 residential suites and 1.2 million square feet of commercial space in more than 60 markets across Canada. The transaction is expected to close in the third quarter of 2020. A press release of the deal may be found here.
Goodmans LLP represents the Special Committee of Northview Apartment REIT, with a team including Stephen Pincus (partner, corporate/M&A), Jon Feldman (partner, corporate/M&A), Jon Northup (partner, tax), Jarrett Freeman (partner, tax) and Brandon Hoffman (associate, corporate/M&A).
Borden Ladner Gervais LLP represents Northview Apartment REIT, with a team led by Fred R. Pletcher and which included Graeme Martindale, Tom Ladner, Lauren DeGoey and Ivona Zegrean (SCM), Randy Morphy and Danielle Lewchuk (tax), Alan Sless (CRE) and Subrata Bhattacharjee and Denes Rothschild (competition).
Bloom Lanys Professional Corporation represents Starlight Group Property Holdings Inc. on real estate matters, with a team including Barbara Lanys and Evelyne Kostanska.
Blake, Cassels & Graydon LLP represents Starlight Group Property Holdings Inc., with a team including William Fung, Alexander Moore and Linda Tu (corporate/M&A), Silvana D’Alimonte (real estate), and Andrew Spiro and Peter Lee (tax).
Osler, Hoskin & Harcourt LLP is representing KingSett Capital on behalf of KingSett Real Estate Growth LP No.7, KingSett Canadian Real Estate Income Fund and other investors, in connection with the announced acquisition of Northview Apartment REIT in a transaction valued at $4.8 billion.
The Osler team was led by Manny Pressman and included Brett Anderson, Kai Sheffield and Jeremy Wu (M&A); Andrew Aziz and Arielle Kaplan (investment funds); Jack Silverson and David Davachi (tax); Joyce Bernasek, Elizabeth Mpermaperacis and Hayley Larkin (credit); Ryan Nielsen (real estate); Peter Glossop and Danielle Chu (competition).