November 02, 2020

Acquisition of Northview Apartment REIT in a Transaction Valued at $4.9 Billion

Goodmans LLP represented the Special Committee of Northview Apartment REIT (the “REIT”) in connection with the acquisition of the REIT by affiliates of Starlight Group Property Holdings Inc. and KingSett Capital Inc.

The transaction, valued at approximately $4.9 billion, including approximately $2.5 billion on a fully diluted basis and the assumption of net debt, represents the largest acquisition in the Canadian multi-residential sector in history.

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One client noted, "...they handled a very complicated transaction involving many jurisdictions and did a very good job. They are always able to make comparative decisions through a relatively simple way and try to balance risk and find solutions." — Chambers Canada
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One client noted, "very strong legal minds, focus in on the business issues...good communicators, include my internal team as much or as little as we may want on a particular project." — IFLR1000
....punches above its weight for big-ticket M&A in Canada, recently advising on substantial transactions in mining, energy, technology and cannabis sectors. — Chambers Global
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Acquisition of Northview Apartment REIT in a Transaction Valued at $4.9 Billion

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