On October 21, 2003, RioCan Real Estate Investment Trust completed a private placement of units for $70.5 million. CIBC World Markets Inc. was the underwriter. The REIT was represented by Fogler, Rubinoff LLP, with a team that included Eric Rolin and Grant Sawiak. The underwriter was represented by Torys LLP, with a team that included Pat Koval, Chris Fowles and Harry Gousopoulos.