• Mergers and Acquisitions Involving Canadian REITs
  • May 12, 2015 | Authors: William (Bill) Gorman; Chat Ortved; Stephen Pincus
  • Law Firm: Goodmans LLP - Toronto - Toronto Office
  • The period from 2010 through 2014 was a very active one in the Canadian REIT sector. During this time, 30 new REITs completed their initial public offerings and/or listed on a Canadian stock exchange, and a number of Canadian REITs merged with other REITs or were taken private. For 2015, with expectations that interest rates in Canada may stay low for an extended period, some analysts and other market participants expect higher levels of activity in the REIT sector and believe that opportunities for strategic acquisitions or mergers involving Canadian REITs may increase. In addition, with the decline in the Canadian dollar over the past year, U.S. and foreign acquirors may look to Canada for merger and acquisition opportunities involving Canadian REITs.