Christopher Murray

SmartCentres Real Estate Investment Trust in its offering of $300 million Series Z senior unsecured debentures

On May 12, 2023, Smart Centers Real Estate Investment Trust announced that it has priced an offering of $300 million aggregate principal amount of 5.354% Series Z senior unsecured debentures on an agency basis. The debentures are being offered by a syndicate of agents. Scotia Capital is the lead...

Lead Office: Toronto Date Closed: May 12, 2023 Value: $300 million

Kubota Corporation in its $91 million acquisition of AgJunction

On October 7, 2021, Kubota Corporation announced its agreement to acquire AgJunction for $91 million. The all-cash transaction represents a 60% premium to the closing price of AgJunction’s common shares and will be completed by plan of arrangement. The acquisition will accelerate the...

Lead Office: Toronto Date Closed: -- Value: $91 million

OPTrust in USS’ 50% stake in Bruc Energy

On May 17, 2021, the Universities Superannuation Scheme (USS), the largest private pension scheme in the UK, acquired a 50% stake in Bruc Energy. The $281 million investment will grant USS a stake in a 4GW pipeline of solar photovoltaic farms. The partnership will help Bruc Energy become...

Lead Office: Toronto Date Closed: May 17, 2021 Value: -

Longo’s in its acquisition by Empire Company Limited

On March 16, 2021, the shareholders of Longo Brothers Fruit Markets Inc. (Longo's) entered into an agreement for the sale of 51% of Longo’s to Empire Company, with an option to put the remaining interest in Longo’s to Empire in tranches beginning after the fifth anniversary...

Lead Office: Toronto Date Closed: May 10, 2021 Value: $357 million

The syndicate of agents in connection with the $150 million offering of Series G unsecured debentures by CT REIT

On January 6, 2021, CT Real Estate Investment Trust completed its previously announced issuance on a private placement basis of $150 million aggregate principal amount of Series G senior unsecured debentures. The offering of the 2.371% notes are due 2031 and was led by RBC Dominion...

Lead Office: Toronto Date Closed: January 6, 2021 Value: $150 million

OPTrust and Blue Vista Capital Management’s student housing acquisitions

On December 1, 2020, a joint venture between, among others, Blue Vista Capital Management and OPTrust, completed its acquisition of 50 Gerrard Street East in Toronto from Horizon Legacy. The transaction valued at $82.8 million includes a 12 story, 188 unit student residence building known...

Lead Office: Toronto Date Closed: December 1, 2020 Value: $82.8 million

RBC Capital Markets in CAPREIT’s $490 million public offering

On December 6, 2019, the Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) completed it $490 million public equity offering led by RBC Capital Markets. The funding will be used to finance the REIT’s acquisition of unencumbered multi-residential properties, repay previous...

Lead Office: Toronto Date Closed: December 6, 2019 Value: $490 million

The syndicate of underwriters in European Residential REIT’s $167 million offering

On September 24, 2019, European Residential Real Estate Investment Trust (ERES) completed its $167 million public offering by a syndicate of underwriters led by RBC Capital Markets and Scotiabank. The funding will be used to finance previously acquired assets and fund future acquisitions. ERES is...

Lead Office: Toronto Date Closed: September 24, 2019 Value: $167 million

RBC Capital Markets in CAPREIT’s $345 million equity financing

On April 23, 2019, Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) completed its previously announced $345 million equity financing. The offering was sold through a syndicate of underwriters led by RBC Capital Markets on a bought-deal basis. RBC Capital Markets is a global...

Lead Office: Toronto Date Closed: April 23, 2019 Value: $345 million

Chorus Aviation in Air Canada’s $97.3 million investment and CPA extension

On February 4, 2019, Air Canada and Chorus Aviation Inc., parent company of Jazz Aviation LP, announced the extension of the Capacity Purchase Agreement (CPA) between Air Canada and Jazz has become effective.  As part of the agreement to amend the CPA, Air Canada also completed a $97.26...

Lead Office: Toronto Date Closed: February 4, 2019 Value: $97.6 million