On July 26, 2016, American Hotel Income Properties REIT LP (“AHIP”) completed a bought deal offering (the “Offering”) of limited partnership units (“Units”). The Offering raised gross proceeds of approximately $103.5 million through the issuance of 10,000,400 Units, which included 1,304,400 Units issued as a result of the underwriters electing to exercise the over-allotment option in full. The Offering was conducted through a syndicate of underwriters led by CIBC World Markets Inc. and included National Bank Financial Inc., Canaccord Genuity Corp., TD Securities Inc., Scotia Capital Inc., BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., Haywood Securities Inc. and Industrial Alliance Securities Inc.

For the Offering, AHIP was represented by Farris, with a team led by Brian Canfield that included Duncan Reid, Robert Veitch and Sean Galloway.