181 Bay St, Suite 4400, Brookfield Pl, Bay Wellington Twr, Toronto, ON
Year called to bar: 1996 (ON)
David Slan is a partner of the firm and co-group head of the firm's commercial real estate group. His experience spans all major real estate asset classes, with a significant emphasis on the acquisition, development, financing, construction, and ultimate sale of condominium and subdivision tract housing, as well as the acquisition, disposition, and financing of multi-residential, retail, office, and industrial properties and portfolios. He acts for fully integrated developer/builders, owners, and asset managers of residential, multi-residential, and income producing properties of all types. His experience extends to the creation and implementation of co-ownership, limited partnership, and other joint venture structures for the acquisition and development of both income producing real estate and residential development projects of all types. In the condominium and subdivision fields, he acts for developers and builders on a wide array of developments. He has extensive experience in the area of real estate finance transactions, having acted for both borrowers and lenders on the financing of all types of income producing property, leasehold financing and land acquisition, servicing, and development financing.
An affiliate of Mattamy Homes Ltd. acquired all of the issued and outstanding shares of Monarch Corporation, the Canadian operations of US homebuilder Taylor Morrison Home Corporation, for CAD$335 million at closing, subject to customary post-closing adjustments. Immediately prior to the closing, approximately C$235 million of cash at Monarch was distributed to a subsidiary of TMHC for total proceeds of C$570 million from the share sale. The transaction closed following the satisfaction of customary closing conditions, including clearance by the Canadian Competition Bureau.
