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Boston Capital Real Estate Investment Trust Inc – ‘S-11/A’ on 4/9/04 – EX-5.1

On:  Friday, 4/9/04, at 12:13pm ET   ·   Accession #:  1047469-4-11470   ·   File #:  333-108426

Previous ‘S-11’:  ‘S-11/A’ on 12/22/03   ·   Next:  ‘S-11/A’ on 9/10/04   ·   Latest:  ‘S-11/A’ on 4/7/06

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 4/09/04  Boston Capital REIT Inc           S-11/A                33:1.8M                                   Merrill Corp/New/FA

Pre-Effective Amendment to Registration Statement for Securities of a Real Estate Company   —   Form S-11
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-11/A      Pre-Effective Amendment to Registration Statement    259   1.12M 
                          for Securities of a Real Estate Company                
 2: EX-1.1      Underwriting Agreement                                22     82K 
 3: EX-3.1      Articles of Incorporation/Organization or By-Laws     54    245K 
 4: EX-5.1      Opinion re: Legality                                   2     16K 
 5: EX-8.1      Opinion re: Tax Matters                                3     21K 
 6: EX-10.1     Material Contract                                     16     69K 
14: EX-10.10    Material Contract                                     31±   178K 
15: EX-10.11    Material Contract                                     20    163K 
16: EX-10.13    Material Contract                                      5     27K 
17: EX-10.14    Material Contract                                     72    372K 
18: EX-10.15    Material Contract                                     61    336K 
 7: EX-10.2     Material Contract                                     10     43K 
19: EX-10.23    Material Contract                                     34    106K 
20: EX-10.24    Material Contract                                      1     12K 
21: EX-10.25    Material Contract                                     35    112K 
22: EX-10.26    Material Contract                                      1     13K 
23: EX-10.27    Material Contract                                      2     16K 
24: EX-10.28    Material Contract                                      4     27K 
25: EX-10.29    Material Contract                                      3     19K 
 8: EX-10.3     Material Contract                                      9     39K 
26: EX-10.30    Material Contract                                     26     91K 
27: EX-10.31    Material Contract                                      1     12K 
28: EX-10.32    Material Contract                                      2     15K 
29: EX-10.33    Material Contract                                      3     17K 
30: EX-10.34    Material Contract                                      2     15K 
31: EX-10.35    Material Contract                                      1     12K 
 9: EX-10.4     Material Contract                                      3     17K 
10: EX-10.5     Material Contract                                     13     65K 
11: EX-10.7     Material Contract                                     18     63K 
12: EX-10.8     Material Contract                                      5     32K 
13: EX-10.9     Material Contract                                     19    151K 
32: EX-23.1     Consent of Experts or Counsel                          2±    14K 
33: EX-99       Miscellaneous Exhibit                                 12     50K 


EX-5.1   —   Opinion re: Legality

EX-5.11st Page of 2TOCTopPreviousNextBottomJust 1st
 

Exhibit 5.1 [NP LOGO] NIXON PEABODY LLP ATTORNEYS AT LAW 101 Federal Street Boston, Massachusetts 02110-1832 (617) 345-1000 FAX: (617) 345-1300 April 9, 2004 Boston Capital Real Estate Investment Trust, Inc. c/o Boston Capital Corporation One Boston Place, Suite 2100 Boston, MA 02108-4406 Ladies and Gentlemen: You have requested our opinion with respect to certain matters in connection with the Registration Statement on Form S-11 (as amended, the "Registration Statement") filed under the Securities Act of 1933, as amended (the "Securities Act"), for the purposes of registering 31,500,000 shares of Common Stock, $0.001 par value per share (the "Common Stock"), of Boston Capital Real Estate Investment Trust, Inc., a Maryland corporation (the "Company"). We have acted as counsel for the Company in connection with the preparation of the Registration Statement and various corporate documents related thereto. We have examined and relied upon the following documents and instruments for the purpose of giving this opinion which, to our knowledge and in our judgment, are all of the documents and instruments that are necessary for us to examine for such purpose: 1. the Registration Statement and the prospectus filed therewith, and all exhibits thereto; 2. a copy of the Company's Articles of Incorporation; 3. a copy of the Company's By-Laws; 4. records of the meetings of the Board of Directors of the Company; and 5. such other documents as we have deemed necessary or appropriate for purposes of this opinion. In examining all documents, we have assumed the genuineness of all signatures thereon, the accuracy of all statements contained therein, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents furnished to us as certified or photographic copies, and the completeness of all documents furnished to us. We have also assumed the legal capacity (as distinct from authority) and competency of any individual who has signed any instrument referred to herein. With respect to the latter assumption, nothing has come to our attention giving us reasonable grounds to question the correctness of such assumption.
EX-5.1Last Page of 2TOC1stPreviousNextBottomJust 2nd
2 Based upon the foregoing and following assumptions, qualifications, and limitations, and having regard for such legal considerations as we deem relevant, we are of the opinion that the Common Stock to be issued and sold by the Company as described in the Registration Statement, when delivered and paid for as described in the Registration Statement, will be legally issued, fully paid and non-assessable. The foregoing assumes that all requisite steps will be taken to comply with the requirements of the Securities Act and applicable requirements of state laws regulating the offer and sale of securities. Our opinion is subject to the following qualifications and limitations: The opinion set forth above represents our conclusion as to the application of the laws of the State of Maryland to the instant matter, and we can give no assurance that changes in such laws, or in the interpretation thereof, will not affect the opinion expressed by us. Moreover, there can be no assurance that a court considering the issues would not hold contrary to such opinion. We express no opinion as to the laws of any state or jurisdiction other than the State of Maryland. Further, the opinion set forth represents our conclusions based upon the documents reviewed by us and the facts presented to us. Any material amendments to such documents or changes in any significant fact could affect the opinion expressed herein. The opinion set forth above is subject to the effect of applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the rights of creditors generally. Further, we do not express any opinion as to the availability of any equitable or specific remedy upon any breach of any covenants, warranties or other provisions contained in any agreements, contracts or instruments. This opinion is furnished by us for your use in connection with the filing of the Registration Statement. We understand that you intend to distribute copies of this opinion to Company shareholders and we hereby consent to such distribution. The opinion set forth above is expressed as of the date hereof, and we disclaim any undertaking to advise you of any changes which may subsequently be brought to our attention in the facts and the law upon which such opinions are based. We consent to the reference to our firm name under the caption "Legal Matters" in, and to the use of this opinion as an exhibit to, the Registration Statement. In giving such consent, we do not admit that we come within the category of persons whose consent is required under Section 7 of the Securities Act, or the rules and regulations promulgated thereunder by the Securities and Exchange Commission. Very truly yours, NIXON PEABODY LLP

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Filing Submission 0001047469-04-011470   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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