Lavery Assists ING Locally in Selling Quebec Retail Portfolio to RioCan

On March 12, 2009, a fund managed by ING Real Estate Canada completed the sale of a portfolio of six grocery-anchored retail properties located in the greater Montreal area to RioCan Real Estate Investment Trust. Four of the properties were acquired by RioCan on a 50-50 basis with a private investor. The buyer group completed the acquisition with financing from First National Financial Corporation on two of the properties that were jointly acquired.

Richard Burgos, a Lavery partner, assisted ING in Quebec.

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