BB&T Capital Markets Serves as an Underwriter on Select Income REIT’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 $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.
About the Companies
Select Income REIT owns 48 properties, including 11 net leased lands in Hawaii and 37 offices and industrial properties located through the mainland United States. The Company’s lands and properties contain approximately 26.1 million rentable square feet and are located in 20 states.
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.