![]() ![]() The Offering was underwritten by a syndicate of underwriters led by TD Securities Inc., together with Scotia Capital Inc., CIBC Capital Markets, RBC Dominion Securities Inc., National Bank Financial Inc., Canaccord Genuity Corp., Desjardins Capital Markets, Cormark Securities Inc., Echelon Wealth Partners Inc., iA Private Wealth Inc., Laurentian Bank Securities Inc. The net proceeds of the Offering were used by the REIT to fund the cash component of the acquisition of the Initial Portfolio and for general trust purposes. In connection with the Offering, the REIT indirectly acquired an initial portfolio of 16 garden-style multi-residential properties (the "Initial Portfolio"), consisting of 3,432 units primarily located in three markets across the Sunbelt and Midwest regions of the United States. The Units will begin trading on the Toronto Stock Exchange in U.S. The Offering raised gross proceeds of US$125,060,000. TORONTO, /CNW/ - DREAM RESIDENTIAL REAL ESTATE INVESTMENT TRUST ("Dream Residential REIT" or the "REIT") announced today that it has completed its initial public offering (the "Offering") of 9,620,000 units of the REIT ("Units") at a price of US$13.00 per Unit (the "Offering Price"). NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ ![]() This press release contains forward-looking information that is based upon assumptions and is subject to risks and uncertainties as indicated in the cautionary note contained within this press release. ![]()
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