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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.

Slate U.S. Opportunity (No. 2) Realty Trust Completes US$50 Million IPO

2012

Areas Corporate Finance and Securities, REITs and Income Securities, Tax

Summary

Goodmans represented Slate U.S. Opportunity (No. 2) Realty Trust (the "Trust") in connection with the completion of its initial public offering of Class A Units, Class F Units and Class U Units (the "Units") at a price of C$10.00 per Class A Unit and Class F Unit and U.S.$10.00 per Class U Unit. The offering closed on November 19, 2012 and raised total gross proceeds of approximately U.S.$50 million.

Contemporaneously with the closing of the offering, the Trust also issued 100,000 Class I Units on a private placement basis to Queen's Court Advisors Ltd., an affiliate of Slate Properties Inc. at a purchase price of U.S.$10.00 per Class I Unit for gross proceeds of U.S.$1 million. Following closing of the private placement and the offering, Queen's Court will hold 100% of the outstanding Class I Units.

The syndicate of agents was led by CIBC and RBC Dominion Securities Inc. and included GMP Securities L.P., BMO Nesbitt Burns Inc., Scotiabank, Raymond James Ltd., Macquarie Private Wealth Inc., National Bank Financial Inc., Canaccord Genuity Corp. and Dundee Securities Ltd.

Slate is a Toronto-based commercial real estate investor and asset manager.