Chartwell Seniors Housing REIT Completes Public Offering of Trust Units

On October 8, 2009, Chartwell Seniors Housing Real Estate Investment Trust, a real estate investment trust that owns and manages a complete range of seniors' housing communities, completed a public offering of 14,375,000 trust units.
On October 8, 2009, Chartwell Seniors Housing Real Estate Investment Trust, a real estate investment trust that owns and manages a complete range of seniors' housing communities, completed a public offering of 14,375,000 trust units. The offering included the exercise in full of an over-allotment option for 1,875,000 units, at a price of $6 per unit for gross proceeds of $86,250,000. The offering was completed through a syndicate of investment dealers led by RBC Dominion Securities Inc.

Chartwell was represented in-house by Jonathan Boulakia, general counsel and by Osler, Hoskin & Harcourt LLP. The Osler team was led by Christopher Murray and David Hanick, and included David Vernon, Rachel Halperin (corporate) and Kimberley Wharram (tax); and in the United States, James Lurie and Julia Gray (corporate) and Paul Seraganian and Kevin Colan (tax).

The underwriting syndicate was represented by Borden Ladner Gervais LLP with a team that included Paul Mingay, Gordon Raman, Shaunik Katyal and Krstina Skocic (corporate securities); Craig Webster (tax) and Alan Sless, Sylvie Bouvette and Patricia Galella (commercial). In the United States, the syndicate was represented by Skadden, Arps, Slate, Meagher & Flom LLP with a team that included Christopher W. Morgan, David Beeston and Sarah K. Ward (corporate); Moshe Kushman and Sara Baird (tax) and Jeleen Guttenberg (executive compensation and benefits).

Lawyer(s)

Kevin Colan Paul Seraganian David Hanick Krstina Skocic Christopher S. Murray Gordon G. Raman David Vernon Sylvie Bouvette Alan M. Sless Shaunik Katyal Craig J. Webster Paul A.D. Mingay Christopher W. Morgan Patricia Galella Kimberly J. Wharram

Firm(s)

Osler, Hoskin & Harcourt LLP Borden Ladner Gervais LLP (BLG) Skadden, Arps, Slate, Meagher & Flom LLP