Boardwalk Real Estate Investment Trust closes upsized equity offering of units
Date Closed
December 22, 2023
Lead Office
Calgary
Value
250.00 Million CAD
On December 22, 2023, Boardwalk Real Estate Investment Trust ("Boardwalk") closed its previously announced upsized equity offering of units of the Trust at $68.50 per Unit. The syndicate of underwriters was bookrun by TD Securities Inc. and RBC Capital Markets.
Boardwalk intends to leverage the net proceeds of the Offering to finance the purchase price for The Circle, repay its portion of a floating rate construction facility, and fund future acquisition and development opportunities.
McCarthy Tétrault advised Boardwalk with a team led by Alyson Goldman that included Simran Choongh, Ashley Wilson (Business), Mark Christensen (Real Property and Planning), Matt Kraemer, Brett Anderson, Daniel Downie (Tax).