BB&T Capital Markets Serves as an Underwriter on Health Care REIT, Inc.’s Follow-On Equity Offering
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.
About the Companies
Health Care REIT, Inc. is a real estate investment trust that invests in senior housing and health care real estate. The Company also provides an extensive array of property management and development services. Health Care REIT, Inc. owns interests in nursing homes, retirement centers, assisted living facilities, and specialty care hospitals.
BB&T Capital Markets offers real estate companies an integrated platform of equity and debt underwriting, M&A advisory, sales and trading and corporate banking solutions.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, equity research and sales and trading. Headquartered in Richmond, Va., with offices throughout the U.S., we have specific expertise within eleven distinct industry verticals including Aerospace, Defense & Government Services; Automotive Aftermarket; Commercial & Industrial; Financial Services; Food & Agribusiness; Logistics & Transportation Services; Healthcare; Education; Energy; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.