SmartCentres Real Estate Investment Trust (TSX:SRU.UN) will look for acquisitions. Smartcentres announced $200 million bought deal offering of trust units. SmartCentres intends to use the net proceeds from the offering to partially repay amounts currently drawn on its credit facilities, which will then be available to be redrawn by the REIT to finance, in part, its previously announced development programs with respect to the Vaughan Metropolitan Centre, seniors housing, self-storage, multifamily residential, retail and other initiatives. SmartCentres may also use any remaining proceeds for future acquisitions, developments, capital expenditures and for general trust purposes.