Retrocom Mid-Market REIT completes $23 million equity offering

On October 19, 2010, Retrocom Mid-Market Real Estate Investment Trust (TSX:RMM.UN) announced the closing of its previously announced public offering of trust units. The syndicate of underwriters, led by TD Securities Inc., elected to exercise the over-allotment option in full, resulting in gross proceeds of $23 million.

The net proceeds of the offering are expected to be used to fund future acquisitions and for general trust purposes.

Retrocom was advised in this transaction by Fasken Martineau with a team led by Anil Aggarwal and that included Daniel Batista, Martin Fisher-Haydis, Brad Freelan and Andrew Teehan (securities/corporate), Mitchell Thaw (tax), and assisted by student-at-law Caitlin Fell.