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Client Work

Private Global Real Estate closes US$7.46 million offering of Class B Units and Class D Units

Fasken
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Confidential Clients

On March 28, 2013, a private global real estate limited partnership (the “Fund”) completed a private placement of 505,000 Class B limited partnership units (the “Class B Units”) and 208,703 Class D limited partnership units (the “Class D Units” and together with the Class B Units, the “Units”) of the Fund at a price of $10.00 per Class B Unit and $11.56 per Class D Unit for gross proceeds of $7,463,184.68. The agents for the offering were Raymond James Ltd. and GMP Securities L.P. Raymond James Ltd. and GMP Securitiis L.P. was advised in this transaction by Fasken Martineau with a team led by John Sabetti (securities) and included Dugan Edmison (real estate), Mitchell Thaw (tax) and Will Shaw (securities).

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