“The team has a problem-solving approach; they don’t just identify problems; they always have a plan for addressing them — this is Davies’ key differentiator.”
Legal 500 Canada 2020
From start to finish, REITs face the same array of challenges and depend on the same practical advice as any publicly traded entity. Whether it’s forming a REIT, acquiring a portfolio of properties or maximizing Canada-U.S. tax opportunities, our industry-leading lawyers’ agility and experience guide you through each stage.
Whatever the challenge, we give you a nimble team with the right expertise and perspective – be it real estate, governance, tax planning, financing or mergers and acquisitions. We move quickly and collaboratively with all players.
That’s why many of the most prominent REITs – and their underwriters – come to us for their most complex needs. We formed the largest REIT in Canada with retail properties throughout North America, and we advised on the structuring and strategic exiting of a U.S. REIT from Canada. We get to the right results by staying constantly focused on our clients’ best interests.
Acted for a syndicate of underwriters, led by Scotia Capital Inc. and BMO Nesbitt Burns Inc. as joint bookrunners, in an offering of an aggregate of $200 million of trust units of Crombie REIT and Class B LP units of Crombie Limited Partnership exchangeable for trust units of Crombie.
Acted as tax counsel to Granite REIT in the establishment of a $250-million at-the- market equity distribution program.
