Calloway Real Estate Investment Trust acquired nine shopping centres on November 4, 2003: seven in Ontario, one in Nova Scotia and one in Alberta, from First Professional Shopping Centres (First Pro) for an aggregate consideration of $106.278 million. The purchase price was paid by the REIT’s assumption of net mortgages in the amount of $57.078 million, the issuance to First Pro of 3,100,525 units, and one million warrants and the balance of $11 million in cash.
The REIT was represented by David Calnan, Joe Brennan and Glenn Warkentin of Shea Nerland Calnan in Calgary; and assisted by Jules Mikelberg, Linda Misetich and Renata Rizzardi of Goodman and Carr LLP.
First Pro was represented by in-house counsel David Taras; and assisted by Goodmans LLP, with a team that included William Alcamo, Neil Sheehy and Steve Cohen (corporate) and Ken Herlin and Jeff Shore (real estate).
The REIT was represented by David Calnan, Joe Brennan and Glenn Warkentin of Shea Nerland Calnan in Calgary; and assisted by Jules Mikelberg, Linda Misetich and Renata Rizzardi of Goodman and Carr LLP.
First Pro was represented by in-house counsel David Taras; and assisted by Goodmans LLP, with a team that included William Alcamo, Neil Sheehy and Steve Cohen (corporate) and Ken Herlin and Jeff Shore (real estate).
Lawyer(s)
Joe D. Brennan
Neil M. Sheehy
Jeffrey Shore
Linda E. Misetich Dann
Glenn A. Warkentin
Steven Cohen
Ken Herlin
William V. Alcamo
David M. Calnan
Jules A. Mikelberg
Firm(s)
Shea Nerland LLP
MLT Aikins LLP