Deal Details
Global Medical REIT Completes $115 Million Follow-On Offering
Summary
Global Medical REIT, Inc. (the “Company”) (NYSE: GMRE) recently completed a follow-on offering of 8,625,000 shares of common stock (including exercise of the overallotment option) at a price of $13.30 per share, generating net proceeds of approximately $110.22 million. The Company intends to use the proceeds to repay a portion of the outstanding indebtedness under the Company’s credit facility, to fund acquisitions, and for other general corporate purposes.
Baird served as an active bookrunner on this offering.
About
Global Medical REIT, Inc. was formed in 2011 and is engaged primarily in the acquisition of purpose-built healthcare facilities and leasing of those properties to strong healthcare systems and physician groups with leading market share. As of December 31, 2020, The Company’s portfolio consisted of gross investment in real estate of $1.1 billion, which was comprised of 86 facilities with an aggregate of approximately 3.7 million leasable square feet and approximately $87.6 million of annualized base rent.CONTACT US TO LEARN MORE
- Date
- March 2021
- Company
- Global Medical REIT, Inc.
- Transaction
- Equity Capital Markets
- Sectors
-
Real Estate
Healthcare - Verticals
-
Real Estate
- Target Geography
- North America
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