333 Bay St, Suite 3400, Bay Adelaide Ctr, W Twr, Toronto, ON
Year called to bar: 1986 (ON)
Partner in the Real Estate Group. Practice includes real estate financings, purchase and sale transactions, joint ventures, development of major commercial and residential projects and commercial leasing. Clients include financial institutions and other lenders, developers, REITs and institutional and private investors. Experience includes: Minto Apartment REIT’s IPO and acquisition of a portfolio of 22 multi-residential rental properties; Leadon Investment’s US$1.1 billion acquisition of SilverBirch Hotels & Resorts and completion of a $716 million post-acquisition financing; Port Credit West Village Partnership’s purchase and financing of the acquisition of a Port Credit tract of land from Imperial Oil; Citibank and Brookfield’s cross-border purchase financing for Westmont hotel portfolio; Menkes’ commercial and residential credit facilities for Harbour Plaza; Osmington’s Union Station Project; Macquarie’s CMBS table funding arrangements with IMC; Harlo Capital’s purchase and financing of Scarborough Junction development; and Blackstone’s financing for InnVest REIT hotel portfolio. Recognized as a leading lawyer by Chambers Global, Chambers Canada, The Legal 500 Canada, Best Lawyers in Canada, LMG’s Guide to the World’s Leading Real Estate Lawyers and Lexpert.
Minto Apartment Real Estate Investment Trust (the REIT) (TSX: MI.UN) completed its initial public offering of 15,863,100 trust units at a price of $14.50 per unit (the Offering). The Offering raised gross proceeds of $230,014,950, including through exercise of the underwriters’ over-allotment option in full which option exercise was completed July 10. The units trade on the Toronto Stock Exchange under the symbol MI.UN.
On June 27, 2017, Leadon Investment Inc., as Borrowers’ Representative, and certain of its affiliates, as Borrowers, completed the financing of 22 hotel properties across Canada, for a total amount of approximately $716 million, comprised of a $649-million term credit and a $67-million renovation credit with Aareal Bank AG, as Administrative Agent thereto.
