Fasken Martineau represented the underwriter syndicate, led by Scotiabank and National Bank Financial Inc. and including BMO Capital Markets, TD Securities Inc., Desjardins Securities Inc., Canaccord Genuity Corp. and Laurentian Bank Securities. The preliminary prospectus indicates that the offering price will be between $8.70 and $9.70 per unit. The offering amounts to $100 million, and it is anticipated that between 10,309,278 and 11,494,253 units of BLF REIT will be distributed under the Offering. BLF REIT will use the net proceeds of the Offering with the proceeds from a Concurrent Private Placement, to repay an amount of approximately $9.5 million outstanding on its term acquisition facility which was used to fund the previously announced purchases of the Mézy Property and the Domaine St-Martin Property, to indirectly acquire additional properties and any remaining proceeds for working capital and for general trust purposes. The closing of the Concurrent Private Placement is conditional upon the closing of the Offering. The units purchased pursuant to the Concurrent Private Placement will be subject to a statutory hold period.