REITs REITs

Dream Industrial REIT in its $200-million private placement

On April 21, 2026, Dream Industrial REIT completed a private placement of $200-million aggregate principal amount of 4.150% senior unsecured debentures. The debentures were offered on an agency basis by a syndicate of agents led by TD Securities Inc., Scotia Capital Inc., RBC Dominion Securities...

Lead Office: Toronto Date Announced: April 21, 2026 Value: $200 million

Choice Properties REIT in its $9.4-billion joint acquisition of First Capital REIT in partnership with KingSett Capital

Osler advised Choice Properties REIT in connection with its acquisition, together with KingSett Capital, of First Capital REIT in a transaction valued at approximately $9.4 billion, including the assumption of debt. Under the terms of the arrangement, Choice Properties will acquire approximately...

Lead Office: Toronto Date Announced: April 16, 2026 Value: $9.4 billion

Chartwell’s renewal of its at-the-market equity distribution program for the sale of up to $500 million of trust units

On November 6, 2025, Chartwell Retirement Residences (Chartwell) filed a prospectus supplement to renew its at-the-market equity distribution program (the ATM Program). The ATM Program allows Chartwell to issue up to $500 million of trust units from treasury to the public from time to time during...

Lead Office: Toronto Date Announced: November 6, 2025 Value: $500 million

SmartCentres in connection with its $500-million debentures offering

On November 12, 2025, SmartCentres Real Estate Investment Trust (SmartCentres) closed its previously announced private placement of $250-million aggregate principal amount of 3.599% Series AC senior unsecured debentures (the Series AC debentures) and $250-million aggregate principal amount of...

Lead Office: Toronto Date Announced: November 12, 2025 Value: $500 million

Dream Residential REIT in its US$354-million acquisition by Morgan Properties

On August 21, 2025, Dream Residential REIT announced that it has entered into an arrangement agreement to be acquired by Morgan Properties in an all-cash transaction valued at approximately US$354 million. This transaction marks the conclusion of the REIT’s previously announced strategic review...

Lead Office: Toronto Date Announced: August 21, 2025 Value: US$354 million

Chartwell in its $400-million debentures offering

On March 6, 2025, Chartwell Retirement Residences (Chartwell) closed its previously announced offering of $400 million aggregate principal amount of senior unsecured debentures. The offering included: (i) $200 million aggregate principal amount of 3.650% Series E senior unsecured debentures and...

Lead Office: Toronto Date Closed: March 6, 2025 Value: $400 million

SmartCentres REIT in connection with its $300-million debentures offering

On February 5, 2025, SmartCentres Real Estate Investment Trust (SmartCentres REIT) closed its previously announced issuance of $300 million of 4.737% Series AB senior unsecured debentures. The offering was completed on an agency basis through a syndicate of agents with Scotiabank, CIBC Capital...

Lead Office: Toronto Date Closed: February 5, 2025 Value: $300 million

Chartwell in its $150-million debentures offering

On October 28, 2024, Chartwell Retirement Residences (Chartwell) closed its previously announced issuance of $150 million of 4.400% Series D senior unsecured debentures. The offering was completed on an agency basis through a syndicate of investment dealers led by TD Securities, BMO Capital...

Lead Office: Toronto Date Closed: October 28, 2024 Value: $150 million

Chartwell in its $345 million trust unit offering

On June 27, 2024, Chartwell Retirement Residences (Chartwell) announced the closing of its previously announced public offering of 28,290,000 trust units at a price of $12.20 per unit for total gross proceeds of approximately $345 million. The financing was completed on a bought deal basis through...

Lead Office: Toronto Date Announced: June 27, 2024 Value: $345 million

The agents in connection with First Capital REIT’s offering of $300 million Series B unsecured debentures

On March 1, 2024, First Capital REIT announced the closing of its offering of $300 million aggregate principal amount of Series B senior unsecured debentures on a private placement basis in certain provinces of Canada. The debentures were offered through a syndicate of agents co‐led by Desjardins...

Lead Office: Toronto Date Announced: March 1, 2024 Value: $300 million