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Goodmans Presents: Going Public, Private and Public Again – a US Group’s Experience with the TSX

July-12-2016

Lawyer Stephen Pincus
Area REITs and Income Securities

Details

In 2012, Indiana based Mainstreet Property Group, LLC, the largest developer of transitional care properties in the U.S., completed its initial public offering of HealthLease Properties REIT on The Toronto Stock Exchange. After growing rapidly through several bought deals on the TSX, HealthLease was sold to Health Care REIT – now Welltower Inc.- for approx. C$1 billion in 2014.

In Spring 2016, Mainstreet did it again. It returned to Canada by completing a reverse take-over of Kingsway Arms Retirement Residences, renaming it Mainstreet Health Investments Inc, and completing a US$109 million public offering on the TSX.

This series of three short videos highlights key aspects of the Mainstreet/HealthLease experience on the TSX: from its innovative IPO, through its growth, to its going private transaction and return.

The HealthLease Story - Part 1: Going Public

The HealthLease Story – Part 2: Growing on the TSX

The HealthLease Story - Part 3: Going Private and Mainstreet Returns