On February 20, 2003, Allied Properties Real Estate Investment Trust completed an offering of 6,043,902 trust units, including five million trust units sold to the public for gross proceeds of $50 million through a syndicate of underwriters led by Scotia Capital Inc., and including BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., TD Securities Inc. and HSBC (Canada) Securities Inc., and 1,043,902 trust units issued to vendors of the REIT’s portfolio of properties. The REIT used the proceeds from the offering to fund the cash component of the acquisition cost of its properties.
Allied Properties was represented by Aird & Berlis LLP, with a team comprised of Margaret Nelligan, Jennifer Wainwright, Dennis Miller, James McVicar, Stephanie Thompson and Kyler Wells (securities), Mike Smith, Hayden Solomons and Marc McLean (real estate) and Carol Burns (tax). Goodmans LLP acted for the underwriters, with a team comprised of David Ehrlich, Ken Herlin, Jeff Shore and Jim McLellan (real estate), Neill May (securities) and Maureen Berry (tax).
Allied Properties was represented by Aird & Berlis LLP, with a team comprised of Margaret Nelligan, Jennifer Wainwright, Dennis Miller, James McVicar, Stephanie Thompson and Kyler Wells (securities), Mike Smith, Hayden Solomons and Marc McLean (real estate) and Carol Burns (tax). Goodmans LLP acted for the underwriters, with a team comprised of David Ehrlich, Ken Herlin, Jeff Shore and Jim McLellan (real estate), Neill May (securities) and Maureen Berry (tax).
