skip to main content





Back to all Representative Matters
Mar 11, 2019

Allied Properties REIT Completes $230 Million Public Equity Offering

Margaret T. Nelligan, Sherri M. Altshuler, Anne E. Miatello, Melanie Cole, Liam Tracey-Raymont, Amy Marcen-Gaudaur, Michael D. Smith, Neill Kalvin and Barbara Worndl

Allied Properties Real Estate Investment Trust (“Allied”), a leading owner, manager and developer of urban office environments operating in Canada’s major cities, recently completed a $230 million public equity offering of units.

On March 7, 2019, Allied completed an offering of 4,968,000 units (inclusive of 648,000 units issued pursuant to the exercise in full of the underwriters’ over-allotment option) at a price of $46.30 per unit for gross proceeds of $230,018,400. Allied intends to use the net proceeds of the offering to repay all amounts drawn on its unsecured line of credit and to fund its ongoing urban development activity, effectively funding two-thirds of its 2019 urban development program with equity.

Aird & Berlis LLP represented Allied with a team comprised of Margaret Nelligan, Sherri Altshuler, Anne Miatello, Melanie Cole, Liam Tracey-Raymont and Amy Marcen-Gaudaur (corporate and securities), Mike Smith and Neill Kalvin (real estate) and Barbara Worndl (tax).

Areas of Expertise

Related Representative Matters

Representative Matters
Allied Properties REIT Completes $155 Million Public Equity Offering Margaret T. Nelligan, Sherri M. Altshuler, Anne E. Miatello, Melanie Cole, Liam Tracey-Raymont, Amy Marcen-Gaudaur, Michael D. Smith and Barbara Worndl Oct 02, 2018 Allied Properties Real Estate Investment Trust, a leading owner, manager and developer of urban office environments operating in Canada’s major cities, recently completed a $155 million public equity offering of units.
Representative Matters
Allied Properties Real Estate Investment Trust Completes $299 Million Public Equity Offering Margaret T. Nelligan, Sherri M. Altshuler, Anne E. Miatello, Melanie Cole, Liam Tracey-Raymont, Amy Marcen-Gaudaur, Michael D. Smith and Carol J. Burns Jul 06, 2018 Allied Properties Real Estate Investment Trust, a leading owner, manager and developer of urban office environments operating in Canada’s major cities, recently completed a $299 million public equity offering of units.
Representative Matters
Allied Properties Real Estate Investment Trust Completes $300 Million Public Equity Offering Barbara Worndl, Michael D. Smith, Tyler Brent, Melanie Cole, Anne E. Miatello, Sherri M. Altshuler and Margaret T. Nelligan Aug 17, 2017 Allied Properties Real Estate Investment Trust (“Allied”), a leading owner, manager and developer of urban office environments operating in Canada’s major cities, recently completed a $300 million public equity offering of units. On August 17, 2017, Allied completed an offering ...