On October 20, 2017, True North Commercial Real Estate Investment Trust (the “REIT”) (TSX: TNT.UN) closed its previously announced bought deal offering of trust units which raised aggregate gross proceeds of approximately $40.26 million, including proceeds from the exercise of the over-allotment option granted to the syndicate of underwriters led by CIBC Capital Markets and Raymond James Ltd.
The REIT is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. It currently owns and operates a portfolio of 34 commercial properties consisting of approximately 2.2 million square feet in urban cities and secondary markets across Canada focusing on long term leases with government and credit-rated tenants.
Miller Thomson advised the REIT in this offering with a team that included Lawrence Wilder, Mack Hosseinian and Jonathan Tong (securities) and Neil Gurmukh (tax).
