GO Residential Real Estate Investment Trust files preliminary prospectus for initial public offering
Torys is acting as counsel to the syndicate of underwriters co-led by CIBC Capital Markets and BMO Capital Markets with a team that includes Simon Knowling, Michael Zackheim, Michael Murphy, Sarah Rimer and Caroline Marful (corporate/Canadian securities), Andy Beck (U.S. securities), Alex Tanenbaum and Steven Dhesi (real estate), Michael Fortier (environmental), Jennifer Lennon, Parker Baglole and Ryan Davis (employment and executive compensation), Ed Fan (IP), Corrado Cardarelli, Scott Semer and Debra Aboodi (tax).
On June 18, 2025, GO Residential Real Estate Investment Trust (the "REIT") announced that it filed, and obtained a receipt for, a preliminary long-form prospectus for the proposed initial public offering of its trust units with securities regulatory authorities in each of the provinces and territories in Canada.
CIBC Capital Markets and BMO Capital Markets are acting as co-lead underwriters and joint bookrunners on the offering.
The REIT applied to have its units listed on the Toronto Stock Exchange (the "TSX") under the symbol "GO.U". Listing is subject to the approval of the TSX in accordance with its original listing requirements.
Upon closing of the offering, the REIT will be led by a team of seasoned industry leaders with diverse experience across the real estate sector in both the United States and Canada. Completion of the offering is subject to the receipt of customary approvals, including regulatory approvals.
Further information can be found on PR Newswire’s website.
GO Residential Real Estate Investment Trust is a newly created, internally managed, open ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. It was formed to provide investors with an opportunity to invest in luxury high-rise multifamily properties ("LHRs") located in the New York metropolitan area and other major metropolitan cities in the United States. The REIT will initially own and operate a portfolio of five LHRs consisting of 2,015 luxury suites located in the borough of Manhattan, New York.