Northview Apartment REIT completes offering of trust units

Torys acted as counsel to the underwriters led by CIBC Capital Markets and Scotiabank with a team that included Patricia Koval, Eric Foster, Simonne Horwitz and Laura Sigurdson (Canadian securities), Andy Beck (U.S. securities), Andrew Wong and Patrick Shaunessy (tax).

On October 31, 2016, Northview Apartment Real Estate Investment Trust ("Northview") closed their previously announced public offering of trust units with a syndicate of underwriters led by CIBC Capital Markets and Scotiabank. An aggregate of 3,536,250 units were issued by Northview at a price of C$21.15 per unit, including 461,250 units issued on the full exercise of the underwriters' over-allotment option, for aggregate gross proceeds of C$74.8 million.

Northview is one of Canada's largest publicly traded multi-family REITs with a portfolio of approximately 24,000 quality residential suites in more than 60 markets across eight provinces and two territories.

Further information can be found on Marketwired's website.