Monday, 11 July 2016 01:04 PM
BETHESDA, MD / ACCESSWIRE / July 11, 2016 / Global Medical REIT Inc. today announced that the underwriters of its initial public offering have exercised, in full, their over-allotment option to purchase an additional 1,956,521 common shares at the initial public offering price of $10.00 per share. The exercise of the over-allotment option increases the total gross proceeds of the initial public offering to $150.0 million. The Company's common stock is listed on the New York Stock Exchange under the symbol "GMRE."
Wunderlich and Oppenheimer & Co. acted as book-running managers for the offering, and BB&T Capital Markets, Compass Point and D.A. Davidson & Co. acted as co-lead managers.
About Global Medical REIT Inc.
Global Medical REIT Inc. is a Maryland corporation engaged primarily in the acquisition of licensed, state-of-the-art, purpose-built healthcare facilities and the leasing of these facilities to leading clinical operators with dominant market share. The Company intends to produce increasing, reliable rental revenue by leasing each of its healthcare facilities to a single market-leading operator under a long-term triple-net lease. The Company's management team has significant healthcare, real estate and public real estate investment trust, or REIT, experience and has long-established relationships with a wide range of healthcare providers. The Company intends to elect to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes.
CONTACT:
Danica C. Holley
4800 Montgomery Lane, Suite 450
Bethesda, MD 20814
202-524-6854
[email protected]
SOURCE: Global Medical REIT Inc.