InterRent REIT closes $75 million bought deal financing

On February 19, 2015, InterRent Real Estate Investment Trust (TSX: IIP.UN) announced the closing of its previously announced public offering of 11,719,000 trust units from treasury, at a price of $6.40 per unit for gross proceeds of $75,001,600.

The offering was made on a bought deal basis pursuant to an underwriting agreement with a syndicate of underwriters co-led by Dundee Securities Ltd., GMP Securities L.P. and BMO Capital Markets, and including Scotia Capital Inc., Canaccord Genuity Corp., TD Securities Inc., CIBC World Markets Inc., National Bank Financial Inc., Raymond James Ltd., Desjardins Securities Inc. and Euro Pacific Canada Inc.

Gowlings was counsel to InterRent in this transaction with a team that included Michael Clancy (client team leader), Bryce Kraeker (transaction leader), Radhika Vaidyanathan (corporate finance) and Gloria Geddes (tax).