Deal Details
Initial Public Offering
Summary
Baird served as joint book-running manager in this offering.
About
AmREIT, Inc. (NYSE: AMRE) (“AmREIT” or the “Company”) recently completed an initial public offering of 3,650,000 of its Class B common shares at a price of $14.00 per share, generating gross proceeds of $51.1 million. The Company intends to use the net proceeds from the offering to repay secured debt obligations and for general corporate and working capital purposes, including future acquisition, development and redevelopment activities.AmREIT is a full service, vertically integrated and self-administered real estate investment trust that owns, operates, acquires and selectively develops and redevelops primarily neighborhood and community shopping centers located in high-traffic, densely populated, affluent areas with significant barriers to entry. AmREIT’s shopping centers are typically anchored by national and local retailers including supermarket chains, drug stores and other necessity-based retailers with the remaining tenant base comprised predominantly of specialty retailers and national and local restaurants. As of June 30, 2012, AmREIT owned a portfolio of 29 wholly-owned properties.
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- Date
- July 2012
- Company
- AmREIT
- Transaction
- M&A
- Sectors
- Real Estate
- Target Geography
- North America
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