Date Closed

December 22, 2005

Lead Office

Toronto

Value

103.00 Million CAD

On December 22, 2005, Morguard Real Estate Investment Trust completed the early redemption of three series of mortgage bonds in the aggregate amount of approximately $157 million by way of new long-term financing secured by 17 of its retail and industrial properties located in Alberta, British Columbia, Ontario and Quebec through 12 individual mortgage loans entered into on December 20, 2005 with The Great-West Life Assurance Company and London Life Insurance Company in the aggregate of $103 million dollars and a mortgage loan entered into on December 15, 2005 with Metropolitan Life Insurance Company in the principal amount of $75 million. 

McCarthy Tétrault advised Great-West Life and London Life with a team that was led by Abraham Costin.