In 2012, Indiana based Mainstreet Property Group, LLC, the
largest developer of transitional care properties in the U.S.,
completed its initial public offering of HealthLease Properties
REIT on The Toronto Stock Exchange. After growing rapidly through
several bought deals on the TSX, HealthLease was sold to Health
Care REIT – now Welltower Inc.- for approx. C$1 billion in
2014.
In Spring 2016, Mainstreet did it again. It returned to Canada by
completing a reverse take-over of Kingsway Arms Retirement
Residences, renaming it Mainstreet Health Investments Inc, and
completing a US$109 million public offering on the TSX.
This series of three short videos highlights key aspects of the
Mainstreet/HealthLease experience on the TSX: from its innovative
IPO, through its growth, to its going private transaction and
return.
The content of this article does not constitute legal advice and should not be relied on in that way. Specific advice should be sought about your specific circumstances.