199 Bay St, Suite 4000, Commerce Court West, Toronto, ON
Year called to bar: 1992 (ON)
Will's practice focuses on corporate finance deals for issuers, dealers and investors, and public M&A deals for offerors, targets and activists, with expertise in domestic and cross-border REITs and REOCs. His recent significant REIT/REOC experience includes the 2024 Anthem Citizen REDT IPO, 2024 Lantower Residential REDT IPO, 2023 conversion of closed-end Northview Fund into Northview Residential REIT, 2023 unitholder activism involving H&R REIT, 2023 announced privatization of NADG NNN REIT by its JV partner, 2023 West Side Square REDT IPO, Tricon Residential Inc.’s 2021 US IPO, as well as follow-on equity, ATM and debt offerings in 2024/23 by Sienna Senior Living, Boardwalk REIT, Primaris REIT and Flagship Communities REIT. Will is a member of the Hong Kong Canada Business Association and the American Bar Association.
On Feb. 19, H&R Real Estate Investment Trust (“H&R REIT”) completed an offering of $300 million principal amount of 2.633 per cent Series S senior unsecured debentures due Feb. 19, 2027
On Dec. 2, 2020, H&R Real Estate Investment Trust ("H&R REIT") completed an offering of $250 million principal amount of 2.906 per cent Series R senior unsecured debentures due June 2, 2026
Goodmans LLP is representing the Special Committee of Northview Apartment REIT (the REIT) in connection with the acquisition of Northview Apartment REIT
Invesque Inc. (TSX:IVQ.U) (“Invesque”) completed an offering of US$50 million aggregate principal amount of 6.00% convertible unsecured subordinated debentures of Invesque due September 30, 2023.
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.
BSR Real Estate Investment Trust completed its initial public offering of 13,500,000 trust units at a price of US$10.00 per unit for gross proceeds of US$135 million.
On January 23, 2018, H&R Real Estate Investment Trust (H&R REIT) completed a public offering of $250 million principal amount of 3.416 per cent Series O senior unsecured debentures due January 23, 2023.
On November 7, 2016, H&R Real Estate Investment Trust (“H&R REIT”) completed a public offering of $200-million principal amount of 2.923 per cent Series L senior unsecured debentures due May 6, 2022.
HealthLease Properties Real Estate Investment Trust (HealthLease) was acquired by Health Care REIT, Inc. (HCN) for $14.20 (US$13.01) per unit in cash, representing an aggregate transaction value of approximately $1 billion (US$950 million). HealthLease's portfolio consisted of 53 properties (14 in two Canadian provinces and 39 in eight US states) of seniors housing, post-acute care and long-term care facilities.
On July 27, 2010, H&R Real Estate Investment Trust (“H&R REIT”) completed a bought deal financing pursuant to which it issued $100,000,000 aggregate principal amount of 5.90 per cent Series D convertible unsecured subordinated debentures due June 30, 2020.
On May 9, 2007, H&R Real Estate Investment Trust (H&R REIT) completed a bought deal financing pursuant to which it issued approximately 8.86 million trust units, including 0.86 million trust units issued pursuant to an over-allotment option, for total gross proceeds of approximately $224.2 million.
On November 8, 2006, H&R Real Estate Investment Trust completed a bought deal financing pursuant to which it issued 6.5 million trust units for total gross proceeds of approximately $150.5 million.
On March 16, 2005, H&R Real Estate Investment Trust (H&R REIT) completed a bought-deal financing pursuant to which it issued 5.25 million trust units for total gross proceeds of approximately $100.3 million.
H&R Real Estate Investment Trust completed, on December 9, 2003, a bought deal financing pursuant to which it issued 8.165 million trust units for total gross proceeds of approximately $126.5 million.
Stikeman Elliott is acting as Canadian counsel to Castings Acquisition Corp., an affiliate company of The Carlyle Group, a major private investment fund based in Washington, D.C., in its proposed acquisition (by way of plan of arrangement), of all of the outstanding common shares of Tritech Precision Inc. and all of the outstanding Class A common shares of Trimin Enterprises Inc.
