79 Wellington St W, Suite 3000, Box 270, TD Ctr, Toronto, ON
Year called to bar: 1992 (ON)
With rigorous, forward-thinking counsel, David has a long track record advising clients on sophisticated commercial real estate and infrastructure projects across North America. David is recognized as one of Canada’s leading real estate lawyers, acting on some of the most complex real estate transactions in the country. With a diverse practice focusing on commercial real estate and infrastructure projects, David’s work regularly involves real estate joint ventures, project development and construction, lending, loan restructuring and workouts, leasing, real estate investment trusts and acquisitions and dispositions of all types of real property. David’s real estate work extends beyond Canada across North America, and his diverse experience includes large shopping centre, office and mixed-use commercial and recreational developments. He also has significant experience with build-to-suit projects and construction and project management arrangements
On April 29, 2016, the Bank of Nova Scotia (Scotiabank) sold the business operations and assets of Roynat Lease Finance, a lease financing business and a division of Roynat Inc., to Meridian Credit Union Limited (Meridian), Ontario’s largest credit union.
Revera Inc. and Health Care REIT, Inc. (HCN) have completed a transaction resulting in shared ownership of an additional 23 Canadian seniors living residences previously owned by Revera. As a result of the transaction, Health Care REIT owns a 75 per cent interest in the approximately US$634 million portfolio and Revera owns the remaining 25 per cent in Manitoba. Revera continues to manage these residences, earning fees through an incentive-based management contract. The 23 seniors living residences comprising the portfolio have approximately 2,900 suites and are located primarily in major Canadian markets in Ontario, Alberta. The HCN-Revera joint venture now owns a total of 70 seniors living residences across Canada with an aggregate 7,900 suites
An affiliate of Mattamy Homes Ltd. acquired all of the issued and outstanding shares of Monarch Corporation, the Canadian operations of US homebuilder Taylor Morrison Home Corporation, for CAD$335 million at closing, subject to customary post-closing adjustments. Immediately prior to the closing, approximately C$235 million of cash at Monarch was distributed to a subsidiary of TMHC for total proceeds of C$570 million from the share sale. The transaction closed following the satisfaction of customary closing conditions, including clearance by the Canadian Competition Bureau.
Spear Street Capital LLC and its affiliates acquired the interests of BlackBerry Limited and its affiliates in the majority of BlackBerry’s real estate holdings in Canada located in Waterloo, Cambridge, Mississauga and Ottawa, Ontario, for approximately $305 million.