On May 23, 2024, Choice Properties Real Estate Investment Trust ("Choice Properties") completed its $500 million private placement of series U senior unsecured debentures (the "Debentures") of the Trust that bear interest at a rate of 5.030% per annum and mature on February 28, 2031.

The Debentures were sold on an agency basis by a syndicate of agents co-led by RBC Dominion Securities, Scotiabank, TD Securities, BMO Capital Markets, and CIBC Capital Markets.

Torys acted as counsel to Choice Properties with a team that included Michael Zackheim, Arron Chahal and Andrea Das-Wieczorek (corporate/securities).

McCarthy Tétrault advised RBC Dominion Securities with a team led by Andrew Parker and Jeremy Pleasant that included Ella Hantho (Business).