Pure Industrial Real Estate Trust (PIRET) closes public offering

On June 15, 2016, Pure Industrial Real Estate Trust (PIRET), an unincorporated, open-ended investment trust that owns and operates a diversified portfolio of income-producing industrial properties, closed its public offering (the “Offering”) of 29,670,000 Class A trust unit, on a bought deal basis, at a price of $5.05 per unit for total gross proceeds of $149,833,500. The Offering was conducted through a syndicate of underwriters co-led by BMO Capital Markets and RBC Capital Markets, on their own behalf and on behalf of CIBC World Markets Inc., Canaccord Genuity Corp., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Desjardins Securities Inc., Dundee Securities Ltd., Echelon Wealth Partners Inc., GMP Securities L.P., Industrial Alliance Securities Inc. and Raymond James Ltd (collectively, the “Underwriters”).

The Underwriters were represented on the Offering by McMillan. The McMillan team included Georges Dubé, Adam Kline, Daniel Lau, Vlad Duta and Marina Tran, with assistance from Herbert Ono, Alice Chang, Megan Singleton and Karen Anderson.