Real Estate Group

The BB&T Capital Markets Real Estate group specializes in all aspects of advisory services, capital issuance and financing for real estate companies, including equity REITs, mortgage REITs and private real estate operators.  Our capabilities include joint venture and entity-level capital raising, initial public offerings, follow-on offerings, at-the-market (ATM) equity offerings and merger and acquisition advisory services.

Our extensive connections to real estate private equity groups and institutional investors can help our clients gain the broadest possible markets for their offerings.  

Our unique teaming of corporate bankers with investment bankers—all experts in commercial real estate sectors—helps ensure that our clients have access to financing packages that are optimized for their specific needs and for each stage of their development.  And we back it all up with the financial resources of BB&T—one of the strongest financial institutions in the United States.

 

BB&T Capital Markets commited more than $1.9 billion to the equity REIT sector through 2012, making it one of our fastest growing industry concentrations

  • Government Properties Income Trust

    On August 13, 2014, BB&T Capital Markets served as a co-manager for a $350 million offering of 3.75% Senior Notes by Government Properties Income Trust. The notes mature in 2019. Proceeds from the transaction are being used to pay down amounts remaining outstanding on a term loan and to reduce amounts outstanding under the company’s revolving credit facility.

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  • HCP, Inc.

    On August 7, 2014, HCP, Inc. invited BB&T Capital Markets to serve as a co-manager for an $800 million offering of 3.875% Senior Notes due in 2024. Proceeds from the offering are to be used to repay amounts outstanding under HCP revolving line of credit as well as for general corporate purposes, which may include a cash contribution to HCP’s joint venture with Brookdale Senior Living, Inc.

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  • Orange Lake Country Club, Inc.

    On August 6, 2014, BB&T Capital Markets served as a co-lead manager for a $148,757,000 securitization of timeshare resort loans for Orange Lake Country Club, Inc.

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  • Ramco-Gershenson Properties Trust (NYSE: RPT)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the third quarter of 2014, helping to raise $113,505,000 for our client. The Company intends to use net proceeds from this offering to repay debt and other general corporate purposes, including financing the planned acquisition of the Buttermilk Towne Center in Crescent Springs, Kentucky. Total gross proceeds includes the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 900,000 shares.

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  • Health Care REIT, Inc. (NYSE: HCN)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2014, helping to raise $1,003,835,000 for our client. The Company intends to use net proceeds from this offering to repay advances under its primary unsecured credit facility and for general corporate purposes, including investing in health care and senior housing properties. Total gross proceeds includes the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 2,100,000 shares.

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  • Highwoods Realty, L.P.

    On May 19, 2014, BB&T Capital Markets served as a bookrunning lead manager for a $300 million offering of senior notes by Highwoods Realty L.P., the operating partnership of Highwoods Properties, Inc. The senior unsecured notes mature on June 15, 2021 and were priced with a coupon of 3.2 percent. Net proceeds from the sale will be used to reduce amounts outstanding under Highwoods’ $475 million revolving credit facility and for general corporate purposes. The transaction represents the third bond offering since 2007 to which Highwoods has invited BB&T Capital Markets, and the first bookrunning lead mandate.

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  • RLJ Lodging Trust (NYSE: RLJ)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2014, helping to raise $243,340,000 for our client. The Company intends to use the net proceeds from the offering to fund potential acquisitions and for general corporate purposes, and may use net proceeds to repay amounts outstanding from time to time under its unsecured revolving credit facility. Total gross proceeds includes the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 1,200,000 shares.

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  • Select Income REIT (NYSE: SIR)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2014, helping to raise $261,000,000 for our client. The Company intends to use the proceeds from the offering to repay amounts outstanding under its revolving credit facility and for general business purposes, including possible future acquisitions of properties.

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BB&T Capital Markets REIT commitments are focused across multiple asset types and industry sectors.