HOOPP Realty Finance Trust completes its C$500 million inaugural bond issuance

Torys acted as counsel to HOOPP Realty Finance Trust with a team that included Rima Ramchandani, Brett Saulnier, Arron Chahal and Caroline Marful (corporate/securities), Nina Mansoori and Ben Pan (lending), Stephanie Kalinowski and Raegan Kennedy (pensions), Charlene Schafer and Tristan McLeod (real estate), Jerald Wortsman and Andrew Silverman (tax).

On November 27, 2025, HOOPP Realty Finance Trust (“HRFT”) completed the private placement of (i) C$250,000,000 aggregate principal amount of 3.568% senior unsecured notes, Series 1 due November 27, 2030 and (ii) C$250,000,000 aggregate principal amount of 3.922% senior unsecured notes, Series 2 due November 27, 2032. HRFT was formed to act as the primary investment and funding vehicle for the Healthcare of Ontario Pension Plan Trust Fund’s Canadian real estate portfolio.

Net proceeds of the offering will be used by HRFT to refinance indebtedness, including intercompany funding provided by HOOPP, and for general corporate purposes.