September 03, 2020

Tricon Residential Inc.’s $300 Million equity investment by an investor syndicate led by Blackstone Real Estate Income Trust

Goodmans LLP acted for Tricon Residential Inc. (TSE: TCN) in connection with a $300 million equity investment by an investor syndicate led by Blackstone Real Estate Income Trust (BREIT).

The syndicate purchased $300 million worth of newly-issued preferred equity units in a subsidiary of Tricon, $240 million of which was purchased by BREIT.

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Goodmans LLP houses a full-service capital markets practice... Among its core strong suits, the group is arguably best known for its strength in SPACs, REITs and IPOs... — The Legal 500 Canada
"The team is very professional, solves problems efficiently and is very hard-working. It is a great pleasure and privilege to work with the team on cross-border transactions and multi-jurisdictional projects." — Legal 500 Canada
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A prominent player in REITs and SPAC-related offerings, also bearing an impressive record in cross-border and cannabis-related matters. — The Legal 500 Canada
Goodmans is a leading Toronto law firm with an extremely strong reputation and track record representing a range of REITs in their acquisition of various properties, including in the residential, senior living and hospital asset classes. — Chambers Canada
...a compact investment funds practice that is acknowledged for its representation of domestic and cross-border private equity and pension funds. — Chambers Canada
A distinguished practice valued for advising major REITs and financial institutions on innovative capital markets transactions. — Chambers Canada
Goodmans LLP is a stellar outfit for acquisition, joint venture, sale and financing transactions, counting its commanding position within the REIT and hospitality markets among its key points of differentiation. — Legal 500 Canada
One client noted, "The team are highly proficient in REITs, including cross-border REITs," adding, "They are also responsive and miss nothing." — Chambers Canada
...frequently mandated on major hotel deals and represents an impressive roster of pension funds, asset managers, REITs and other institutional players. — Chambers Canada
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Tricon Residential Inc.’s $300 Million equity investment by an investor syndicate led by Blackstone Real Estate Income Trust

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Tricon Residential Inc.’s $300 Million equity investment by an investor syndicate led by Blackstone Real Estate Income Trust

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