Global Medical REIT Completes $115 Million Follow-On Offering

Real Estate
Healthcare

Global Medical REIT 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.
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Real Estate
Healthcare

Global Medical REIT follow-on offering

Date
March 2021
Company
Global Medical REIT, Inc.
Transaction
Equity Capital Markets
Sectors
Real Estate
Healthcare
Target Location
North America

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