REITS and Income Securities

Our dominance in the Canadian REIT sector is demonstrated by our market share of REIT IPOs in Canada. Since the first REIT IPO, our lawyers have led: 

• over 50% of total Canadian real estate IPOs listed on the TSX, and;
• 85% of total real estate IPOs with a substantial portion of assets outside Canada. 

Clients choose us for our unique creativity, entrepreneurial flair and responsiveness, as well as our track record for innovating highly bespoke structures suitable to evolving needs.  Among many other transactions, we played a key role in:

• the first IPO of a REIT in Canada
• the first mutually initiated REIT merger
• the first cross-border REIT
• the first REIT offering of preferred trust units 
• the first public offering in the world of a qualifying U.S. REIT by a non-U.S. entity

Industry stakeholders recognize our relevance and impact in the REIT sector. REALpac engaged Goodmans to be the exclusive author of The Canadian REIT Handbook and to advise the industry on governance proposals by the Canadian Coalition for Good Governance.  At the request of the Ontario Securities Commission, Goodmans authored National Policy 41-201 Income Trusts and Other Indirect Offerings.  Our lawyers are often consulted by regulators to give submissions on regulatory initiatives.