Credit: Shutterstock photoPhysicians Realty Trust, a REIT focused on acquiring, developing and managing health care properties, raised $120 million by offering 10.4 million shares at $11.50, the low end of the $11.50-$13.50. The company had originally planned to sell 8 million shares; as a result, the deal size was 20% larger than originally anticipated. Physicians Realty Trust plans to list on the NYSE under the symbol DOC. Wunderlich Securities, Oppenheimer & Co. and Janney Montgomery Scott acted as lead managers on the deal.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
