IPC US Income Commercial REIT completes $155 million IPO
|Areas||Corporate Finance and Securities, REITs and Income Securities|
Goodmans represented the syndicate of underwriters in connection with IPC US Income Commercial REIT's $155 million initial public offering on December 20, 2001. The IPC US Income Commercial REIT will be Canada's first REIT to invest exclusively in U.S. commercial real estate properties. IPC US Commercial REIT will offer its unitholders U.S. dollar income on a tax efficient basis. These units will constitute Canadian property.