On December 20, 2002, Alexis Nihon Real Estate Investment Trust completed an initial public offering of its units. The REIT raised a total of $85 million from the offering, which had an aggregate value of approximately $385 million.

Alexis Nihon Real Estate Investment Trust is a Montréal-based unincorporated closed-end investment trust created to acquire office, retail, industrial and mixed used properties, including a multi-family residential property. The majority of the net proceeds was used to acquire the REIT's 18 initial properties.

The independent committee of trustees of the REIT was represented by Robert Paré, Peter Villani and Patricia Gagnon of Fasken Martineau.