Windrose chairman and CEO Fred S. Klipsch didn't disclose the seller's name. The three-story property is near the JFK hospital operated by Hospital Corp. of America. Windrose has completed 13 acquisition deals totaling $239 million to date this year, according to Klipsch. The Palm Springs acquisition is part of a 22-property portfolio the REIT is acquiring in Florida, Arizona, Georgia and California. Nine of the remaining deals are expected to close by year end, the company previously announced.
The REIT has priced a public offering of three million common shares at an offering price of $14.10 per share. The company estimates the net proceeds of the offering, after placement agent fees and estimated offering expenses, will be about $40.7 million. The net proceeds will be used to fund a portion of the purchase price for the 13 acquired properties to date, according to Klipsch. The offering closed Nov. 28. Cohen & Steers Capital Advisors LLC of New York and Robert W. Baird & Co. of Milwaukee were the placement agents.
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