This post was written prior to our January 2017 merger, under our previous firm name, MacPherson Leslie & Tyerman LLP.
MLT acted as Alberta counsel on one of the Big Real Estate transactions reported in the February 2015 edition of Lexpert Magazine. In a deal that closed November 19, 2014, Health Care REIT, Inc. acquired HealthLease Properties Real Estate Investment Trust. The transaction had an aggregate value of approximately $1 billion, and involved a total of 53 supportive living facilities, 14 in two Canadian provinces and 39 in eight US states, and was completed pursuant to a court-approved plan under Alberta’s Business Corporations Act. MLT’s Adam Merrick, and Janelle Wilson acted on real estate and corporate matters and Doug Ballou acted on securities matters for Healthlease in Alberta.