Date Closed

November 2, 2020

Lead Office

Toronto

Value

4.90 Billion CAD

On November 2, 2020, Starlight Investments and KingSett Capital completed the C$4.9 billion acquisition of Northview Apartment REIT with CIBC acting as sole underwriter in the C$2.4 billion financing. This is the largest real-estate backed deal CIBC has ever led, and the largest multi-residential transaction in Canadian history.

Starlight Investments is a privately held Toronto-based, full service, multi-family and commercial real estate investment and asset management company. 

KingSett Capital is a Canadian private equity real estate investment firm. 

McCarthy Tétrault LLP advised CIBC with a core team led by Paul Galbraith and John Currie that included Isabel Henkelman, Dana Shen, and Ryan Kady (Real Estate), DJ Lynde, Richard Higa, and Noel Chow (Financial Services), and Eric Frydrych (Business).