"Our three solid operating platforms in Montreal, Halifax/Dartmouth and Calgary provide us with substantial leverage to expand more deeply into existing and new adjacent geographic markets", he concluded. The offering was underwritten by a syndicate of underwriters led by TD Securities Inc. which included National Bank Financial Inc., Desjardins Securities Inc., CIBC World Markets Inc., Scotia Capital Inc., Canaccord Genuity Corp., HSBC Securities ( Canada ) Inc., Dundee Securities Corporation and Beacon Securities Ltd. An option to purchase up to an aggregate of 2,400,000 additional Units at the offering price has been granted to the underwriters of the offering, of which up to 960,000 Units are to be issued and sold by the REIT from treasury and 1,440,000 Units are to be sold by HII (one of the promoters of the REIT) as a secondary offering of a portion of the Units it will hold as a retained interest in the REIT, on a pro rata basis between the REIT and HII.