REIT/Income Fund/LP Acquisitions

Corporation Acquisitions of LPs

Cortland/Pure Multi-Family

Overview

It is proposed that an LLC (the “Purchaser”) that is an affiliate of a third party (Cortland) acquire for cash all the (listed) Class...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

CPC/Microcap Conversions

Holland Global/Maplewood REIT

Overview

Under a CBCA Plan of Arrangement, the shareholders of the Corporation (a recently-formed TSXV-listed capital pool company which has not...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Capital BLF/BLF REIT

Overview

Under a CBCA Plan of Arrangement, the shareholders of the Corporation will transfer their shares to a subsidiary Quebec LP of the REIT...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

LP Acquisitions of Corporations

Brookfield (BPY)/BPO

Overview

BPY, which "beneficially owns" approximately 49% of the common shares of BPO, and two of its indirect subsidiaries ("Brookfield Office...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Exchangeable Units

Brookfield Infrastructure/Enercare

Overview

On October 16, 2018, Brookfield Infrastructure acquired all of the 107M common shares of the Company (being all its shares) under a CBCA...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

LP Acquisitions of LPs

Starlight No. 5

Overview

The existing unitholders of the Starlight Funds Nos. 1 to 4 will transfer their units into a new fund (the Starlight No. 5 fund) under...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Locations of other summaries Wordcount
Tax Topics - Public Transactions - Offerings - REIT, Trust and LP Offerings - Foreign Asset Income Funds and LPs acquisition by Starlight 5 of Starlight 1 to 4 and unit issuance 3522

LP Acquisitions of Trusts

Canderel/ Cominar

Overview

After the purchase of a portion of the assets of the REIT (a closed-end unit trust and mutual fund trust holding mostly Quebec real...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Starlight-KingSett/Northview

Overview

It is proposed that the unitholders of the REIT will receive mostly cash from Starlight and KingSett funds for their REIT units....

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Elad/Agellan REIT

Overview

It is proposed that an Ontario LP within the Elad group (the “Purchaser”) will acquire all the units of Agellan REIT for cash under...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Privatizations

BPY/BOX/Brookfield

Overview

Brookfield Property Partners LP (BPY) has an 83% economic interest in BOX (a Canadian REIT), by virtue of holding 40.3% of the BOX units...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

TransGlobe

Asset sale

It is contemplated that after the convening of a REIT meeting to approve the transactions, subsidiary LPs of the REIT (held by it...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

REIT Mergers

Choice/CREIT

Overview

The proposed acquisition of the REIT (which is a closed-end REIT holding most of its properties directly or through subsidiary LPs) by...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

SmartREIT/OneREIT/Strathallen

Overview

OneREIT is proposing to sell a substantial portion of its rental assets (held through subsidiary LPs) in a taxable sale to a third party...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Northview/True North

Overview

NPR proposes to add approximately 14,000 multi-family residential suites through a series of transactions with True North, affiliates of...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

NorthWest Healthcare/NWI

Overview

NWI (see summary) will be merged into NWH under s. 132.2, with the former NWI unitholders receiving 0.208 NWH units for each NWI unit. ...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Slate Retail/SUSO 3

Overview

SUSO 3 will be merged into the REIT under s. 132.2, with the former SUSO 3 unitholders receiving 7.5M Class U Units of the REIT and with...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Slate Retail/ SUSO 2/GAR

Overview

SUSO 2 will be merged into SUSO 1 under s. 132.2. SUSO 1 will also acquire two of the GAR LPs (GAR A and C), with the GAR A and C...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

H&R/Primaris

Overview

Upon the sale of properties indirectly held by TSX-listed Primaris (having an aggregate value of approximately $1.9B) to the KingSett...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Dundee/Whiterock

Tender

Offer of Dundee REIT to acquire all the units of Whiterock REIT for $16.25 cash per Whiterock unit (subject to an aggregate cap of $360...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

CAP REIT/ResREIT

Overview

CAP REIT proposes to acquire units of ResREIT for cash or CAP REIT units, with ResREIT unitholders who wish rollover treatment for the...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Section 132.2 Mergers

Bullion Fund Mergers

Sprott/Central GoldTrust

Overview

On December 7, 2015, Sprott Asset Management Gold Bid LP (“SAM,” or the “Offeror”) delivered to GoldTrust a power of attorney...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Sprott/Central Goldtrust

Overview

The Offeror is making the "Offer" to purchase all of the issued and outstanding GTU Units (other than those held directly or indirectly...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Portfolio Mutual Fund Mergers

Connor, Clark: GFO/AUI

Overview

GFO (which has been an unsuccessful Connor, Clark mutual fund focused on international financial institution equities) will be merged...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Subsequent Acquisition Transactions (REITs)

Plazacorp/KEYreit

Taxable Trust Mergers

ROI/Dream Hard Asset

Overview

Return on Innovation Advisors Ltd. ("ROI Capital") agreed with DREAM Asset Management Corporation ("DREAM"), a subsidiary of DREAM...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Locations of other summaries Wordcount
Tax Topics - Public Transactions - Offerings - REIT, Trust and LP Offerings - Domestic SIFTs Merger of ROI Canadian High Income Mortgage Fund, ROI Canadian Mortgage Income Fund and ROI Canadian Real Estate Fund into Dream Hard Asset Alternative Trust and termination of their forward/mirror fund structure 210

Trust Acquisitions by Corporations

Blackstone/Dream Global

Overview

The REIT, a TSX-listed mutual fund trust with no non-portfolio property, held a portfolio of German and Netherlands rental properties...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Locations of other summaries Wordcount
Tax Topics - Public Transactions - Mergers & Acquisitions - Cross-Border Acquisitions - Inbound - REIT Acquisitions distribution of asset sale and subscription to fund unit redemptions 1353

Blackstone/Pure Industrial

Overview

It is proposed that all the units of the Trust will be acquired for cash by Purchaser under a B.C. Plan of Arrangement. All but the...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Plazacorp/KEYreit

Overview

Offer by Plazacorp for units of KEYreit. The consideration is a combination of cash and Plazacorp shares (with the ability to make an s...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Huntingdon/KEYreit

Offeror

The Offeror is a real estate operating company which is listed on the TSX, was incorporated in B.C. and owns a portfolio of 36 industrial,...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Trust Acquisitions of Corporations

Dixie/VisionSky

Overview

The Trust is to acquire all of the outstanding shares of VKY (a.k.a.,VisionSky) under an Alberta Plan of Arrangement, on the basis of...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Trust Acquisitions of Trusts

Cominar/Canmarc

Overview

Cominar REIT through 10 Newco subsidiaries is offering cash or (at the Canmarc unitholder's option) Cominar units for Canmarc units,...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Trust Asset Sales

Milestone REIT

Overview

The REIT will sell its assets (essentially only the shares of a U.S. LLC (“U.S. Holdco”) indirectly holding its U.S. apartment...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Locations of other summaries Wordcount
Tax Topics - Public Transactions - Spin-Offs & Distributions - REIT/LP sales proceeds distribution Milestone Apartment REIT sale of its U.S. Holdco and distribution of proceeds/cash-out of US exchangeable LP holders on subsidiary LP merger 1619

Unsolicited Bids

Kingsett & OPB/Primaris

Offeror

The Offeror is an Ontario LP whose LP units are owned equally by an affiliate of KingSett Capital, and OPB Trust, an associate of OPB. A...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Liquor Stores/Liquor Barn

Offer by Liquor Stores for all the units of Liquor Barns on the basis of .53 of a Liquor Store unit for each Liquor Barn unit. Those Canadian...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Brookfield et al/O&Y

Cash offer by Bidco of Brookfield, CPPIB and ARCA Investments for all the units of O&Y REIT. A subsequent transaction is proposed under which,...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.