KingSett Capital’s $4.8 billion Acquisition of Northview Apartment REIT

Osler, Hoskin & Harcourt LLP advised KingSett Capital on the deal.
Borden Ladner Gervais advised Northview Apartment Real Estate Investment Trust. McCarthy Tétrault LLP advised CIBC.

KingSett Capital on behalf of KingSett Real Estate Growth LP No.7, KingSett Canadian Real Estate Income Fund and other investors, executed the acquisition of Northview Apartment REIT in a transaction valued at $4.8 billion.

Northview REIT is one of Canada’s largest publicly traded multi-family REITs with a portfolio of approximately 27,000 residential suites and 1.2 million square feet of commercial space in more than 60 markets across Canada.  The transaction is expected to close in the third quarter of 2020.

Osler advised with a team including Manny Pressman, Brett Anderson, Kai Sheffield, Jeremy Wu (M&A); Andrew Aziz,  Arielle Kaplan (Investment Funds); Jack Silverson, David Davachi (Tax); Joyce Bernasek, Elizabeth Mpermaperacis,  Hayley Larkin (Credit); Ryan Nielsen (Real Estate); Peter Glossop and Danielle Chu (Competition). 

Borden Ladner Gervais advised Northview Apartment Real Estate Investment Trust with Fred R. Pletcher, Graeme Martindale, Tom Ladner, Lauren DeGoey and Ivona Zegrean (SCM), Randy Morphy and Danielle Lewchuk (Tax), Alan Sless (CRE) and Subrata Bhattacharjee and Denes Rothschild (Competition). 

McCarthy Tétrault LLP advised CIBC with a core team led by Paul Galbraith and John Currie that included Isabel Henkelman, Dana Shen, and Ryan Kady (Real Estate), DJ Lynde, Richard Higa, and Noel Chow (Financial Services), and Eric Frydrych (Business).

 

 

Involved fees earner: Subrata Bhattacharjee – Borden Ladner Gervais; Lauren DeGoey – Borden Ladner Gervais; Tom Ladner – Borden Ladner Gervais; Danielle Lewchuk – Borden Ladner Gervais; Graeme Martindale – Borden Ladner Gervais; Randy Morphy – Borden Ladner Gervais; Fred Pletcher – Borden Ladner Gervais; Denes Rothschild – Borden Ladner Gervais; Alan Sless – Borden Ladner Gervais; Ivona-Elena Zegrean – Borden Ladner Gervais; Noel Chow – McCarthy Tétrault; John Currie – McCarthy Tétrault; Eric Frydrych – McCarthy Tétrault; Paul Galbraith – McCarthy Tétrault; Isabel Henkelman – McCarthy Tétrault; Richard Higa – McCarthy Tétrault; Ryan Kady – McCarthy Tétrault; D.J. Lynde – McCarthy Tétrault; Dana Shen – McCarthy Tétrault; Brett Anderson – Osler Hoskin & Harcourt; Andrew Aziz – Osler Hoskin & Harcourt; Joyce Bernasek – Osler Hoskin & Harcourt; Danielle Chu – Osler Hoskin & Harcourt; David Davachi – Osler Hoskin & Harcourt; Peter Glossop – Osler Hoskin & Harcourt; Arielle Kaplan – Osler Hoskin & Harcourt; Hayley Larkin – Osler Hoskin & Harcourt; Elizabeth Mpermaperacis – Osler Hoskin & Harcourt; Ryan Nielsen – Osler Hoskin & Harcourt; Manny Pressman – Osler Hoskin & Harcourt; Kai Sheffield – Osler Hoskin & Harcourt; Jack Silverson – Osler Hoskin & Harcourt; Jeremy Wu – Osler Hoskin & Harcourt;

Law Firms: Borden Ladner Gervais; McCarthy Tétrault; Osler Hoskin & Harcourt;

Clients: CIBC World Markets; KingSett Capital Inc.; Northview Apartment Real Estate Investment Trust;

Sonia Carcano

Author: Sonia Carcano