InterRent REIT closes $98 million bought deal financing

28 March 2018
Client work

On March 28, 2018, InterRent Real Estate Investment Trust (TSX: IIP.UN) announced the closing of its previously announced public offering of trust units from treasury, including the full exercise of the over-allotment option granted to the underwriters, for gross proceeds of $97,848,900.

The offering was made on a bought deal basis pursuant to an underwriting agreement with a syndicate of underwriters co-led by Desjardins Capital Markets and BMO Nesbitt Burns Inc.

InterRent is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properties.

Gowling WLG advised InterRent on this offering with a team that included Michael Clancy, Bryce Kraeker and Radhika Vaidyanathan.

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