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20 May 2015

FARRIS REPRESENTS AMERICAN HOTEL INCOME PROPERTIES REIT LP IN BOUGHT DEAL

April 28, 2015 – A Farris team represented American Hotel Income Properties REIT LP (“AHIP”) in its bought deal offering of limited partnership units (“Units”) which raised gross proceeds of approximately $66.1 million through the issuance of 6,181,250 Units, which included 806,250 Units issued as a result of the underwriters electing to exercise the over-allotment option in full. The offering was underwritten by a syndicate of underwriters led by Canaccord Genuity Corp. and National Bank Financial Inc. and included CIBC World Markets Inc., TD Securities Inc., RBC Dominion Securities Inc., Scotia Capital Inc., Haywood Securities Inc., Dundee Securities Ltd. and GMP Securities L.P.

The Farris team comprised Partners Brian Canfield and Duncan Reid and Associates Robert Veitch and Michael Rawluk.

A copy of AHIP’s press releases announcing the April 28 closing of the bought deal can be found here.

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