Follow-On Offering

Real Estate
Follow-On Offering

Summary

Baird served as a lead manager on this offering

About

AmREIT, Inc. (“AmREIT” or the “Company”) (NYSE: AMRE) recently completed a follow-on offering of 3,450,000 shares of common stock at a price of $18.25 per share, generating gross proceeds of approximately $63.0 million. AmREIT intends to use the net proceeds from the offering to repay borrowings outstanding under its unsecured revolving credit facility, to fund a portion of the purchase price for the acquisition of Woodlake Square from the Company's joint venture partner and two of its advised funds, to fund all or a portion of the acquisition of the fee simple interest in its Preston Royal East property and for general corporate purposes.

AmREIT is a full service, vertically integrated and self-administered REIT that owns, operates, acquires and selectively develops and redevelops primarily neighborhood and community shopping centers located in high-traffic, densely populated, affluent areas with high barriers to entry. AmREIT’s shopping centers are often anchored by strong national and local retailers, including supermarket chains, drug stores and other necessity-based retailers. AmREIT is headquartered in Houston, Texas.

For additional information about this transaction, please contact:

Steve Goldberg (202) 303-1808
Gary Placek (414) 765-3611
Peter Kies (414) 765-7262
Michael Wilcox (312) 609-4927
Real Estate
Follow-On Offering
Date
July 2013
Company
AmREIT, Inc.
Transaction
M&A
Sectors
Real Estate
Target Location
North America

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