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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.

True North Commercial REIT Completes Initial Bought Deal and Acquisition of Commercial Property Portfolio

2013

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

Summary

Goodmans represented the underwriters in connection with True North Commercial Real Estate Investment Trust's bought deal offering of an aggregate of 14,549,914 trust units for gross proceeds of approximately $55.7 million. The offering was underwritten by a syndicate of underwriters led by Raymond James Ltd., and included National Bank Financial Inc., Scotia Capital Inc., GMP Securities L.P., Desjardins Securities Inc., Dundee Securities Ltd., Canaccord Genuity Corp. and Macquarie Capital Markets Canada Ltd. 

The net proceeds from the Offering were used by True North Commercial to satisfy the cash portion of the acquisition price of a portfolio of five commercial properties located in the provinces of Ontario, Alberta and New Brunswick. The purchase price for the properties was approximately $144.7 million, of which approximately $50.1 million was paid in cash.