CHARLOTTESVILLE, VA-US equity REITs have raised $35.27 billion this year through August 10th, SNL Financial reports. That is $3.82 billion more than the $31.42 billion raised in the same period in 2011. Common equity deals were the highest of the type of capital raised, at $14.72 billion. Senior debt followed at $13.53 billion and preferred equity brought up the rear at $7.02 billion. For the same period in 2011, those figures were, respectively, $17.93 billion, $10.30 billion and $3.19 billion.
Health Care REIT completed the largest common stock offering, on Aug. 7, totaling $810.8 million. Kilroy Realty holds the second place in common equity raises during the period studied, with a $230.5 million offering from Aug. 8. Another notable common equity offering was by Taubman Centers, at $218.5 million on Aug. 1.
SL Green Realty completed the largest preferred offering between July 28 and Aug. 10, raising $230 million on Aug. 7, SNL said. Taubman Centers raised the second-largest preferred equity offering at $175 million, raised Aug. 3. Investors Real Estate Trust completed a preferred offering totaling $115 million at the end of July.
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Hospitality Properties Trust raised $500 million on Aug. 9 via a senior debt offering. Host Hotels & Resorts clocked in at second in this category, with $450 million raised Aug. 2. The day before, Entertainment Properties Trust completed a senior debt offering totaling $350 million.
SNL Financial also broke down the data by sector, noting that health care REITs raised the most capital during the time period studied, with $7.7 billion. Retail followed at $7.61 billion.
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