Deal Details
Follow-On Offering
Summary
Baird served as co-manager on this offering
About
Select Income REIT (the “Company”) (NYSE: SIR) recently completed a follow-on offering of 9,000,000 shares of common stock at a price of $29.00 per share, generating gross proceeds of approximately $261 million. The Company intends to use the net proceeds from the offering to repay amounts outstanding under its revolving credit facility and for general business purposes, including possible future acquisitions of properties.Select Income REIT is a real estate investment trust organized under Maryland law. As of March 31, 2014, the Company owned 48 properties, comprised of 278 buildings, leasable land parcels and easements for a total of 26.1 million square feet located in 20 states. Select Income REIT is headquartered in Newton, Massachusetts.
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- Date
- May 2014
- Company
- Select Income REIT
- Transaction
- M&A
- Sectors
- Real Estate
- Target Geography
- North America
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