Deal Details
Follow-On Offering
Summary
Baird served as a joint lead manager on this offering.
About
Retail Opportunity Investments Corp. (the “Company”) (NASDAQ:ROIC) recently completed a follow-on offering of 6,555,000 shares at a price of $21.25 per share, generating gross proceeds of approximately $139 million. The Company intends to use the net proceeds from this offering for debt repayment and general corporate purposes.Retail Opportunity Investments Corp. is a fully integrated and self-managed real estate investment trust. The Company specializes in the acquisition, ownership and management of necessity based community and neighborhood shopping centers on the west coast of the United States, anchored by supermarkets and drugstores. As of March 31, 2016, Retail Opportunity Investments Corp’s portfolio consisted of 75 retail properties totaling approximately 8.8 million square feet of gross leasable area. The Company is headquartered in San Diego, California.
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- Date
- July 2016
- Company
- Retail Opportunity Investments Corp.
- Transaction
- M&A
- Sectors
- Real Estate
- Target Geography
- North America
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