"80 Goodmans lawyers ranked as top-tier in 31 areas of law." - Canadian Legal Lexpert Directory
Goodmans Deals & Cases

This section contains brief summaries of selected significant cases and transactions.  You'll also find representative lists  - by year - of major transactions and cases where Goodmans' involvement is a matter of public record or where inclusion in the list has been authorized by our clients.

RioCan REIT’s Strategic Review of US Operations and Sale of its US Portfolio to Blackstone for US$1.9 Billion

2016

Areas Commercial Real Estate, Corporate and Commercial, Mergers and Acquisitions, Private Equity, REITs and Income Securities

Summary

Goodmans represented RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) in the strategic review of its US operations and subsequent sale of its US portfolio of 49 retail properties located in the Northeastern US and Texas to Blackstone Real Estate Partners VIII ("Blackstone") for US$1.9 billion. The sale will simplify RioCan's business structure and will improve its strategic advantage in Canada and allow management to focus exclusively on the Trust's Canadian operations to solidify RioCan's position as the leading pure play Canadian-based real estate investment trust.