Skip to main content

Investor RelationsWealth Management:  CA  |  UK  |  AU

Menu
PRO Real Estate Investment Trust
C$69m

Canaccord Genuity Acts as Co-Lead Underwriter to PRO Real Estate Investment Trust on its $69 Million Bought Deal

First bought deal for PROREIT post-COVID​​​​​​​

Canaccord Genuity is pleased to announce that on October 6, 2021, PRO Real Estate Investment Trust (“PROREIT”) completed a bought deal equity financing for gross proceeds to PROREIT of $69 million.  PROREIT intends to use the net proceeds from the offering and a concurrent private placement to partially fund the acquisition of 16 institutional quality industrial assets, to repay certain indebtedness which may be subsequently redrawn, and the balance if any to fund future acquisitions and for general business and working capital purposes.

This is PROREIT’s largest equity offering to-date, and its first post-COVID.  The financing was approximately 1.4x over-subscribed, with 7 institutional investors comprising approximately 29% of the overall allocation.

Canaccord Genuity acted as co-lead underwriter on the offering. The Canaccord Genuity team was led by Dan Sheremeto, with ECM support from Gord Chan and Ron Sedran.

Lead Transaction Banker

More like this

Flagship Communities REIT
US$46.5m
November 2021

Flagship Communities REIT

Co-Lead Underwriter
View transaction detail
PRO Real Estate Investment Trust
C$69m
October 2021

PRO Real Estate Investment Trust

Co-Lead (Bought deal)
View transaction detail
Canadian Net
C$20m
August 2021

Canadian Net

Lead Underwriter (Bought Deal)
View transaction detail

How can we help?

If you would like to find out more about Canaccord Genuity or any of our services, please get in touch.