Realty Income has secured $361.7 million in proceeds from a public offering of Class F preferred stock.
The REIT sold 14.95 million shares, of which underwriters purchased 1.95 million through an over-allotment option.
CapitaMalls Malaysia Trust priced a new equity raise at the top end of its offering range for a total deal size of $106 million. It is the first Asian company in three months to raise equity. The proceeds will be used to acquire a new shopping center.
Chesapeake Lodging Trust has expanded its $150 million credit facility to $200 million, with a provision that will allow it to increase it further to $300 million. The interest rate on this facility is lower than the previous one, CFO Douglas W. Vicari says.
Phillips Edison & Co. and CBRE Investors plan to announce a joint venture to invest $200 million in retail acquisitions. They plan to buy 15 to 20 grocery-anchored shopping centers throughout the U.S. "It is a great time to buy right now because there is not a ton of capital going into the grocery-anchored business," said Jeffrey Edison, CEO of Phillips Edison's publicly registered, nontraded real estate investment trust.