CHARLOTTESVILLE, VA-US equity REITs have raised $35.27billion this year through August 10th, SNLFinancial reports. That is $3.82 billion more than the$31.42 billion raised in the same period in 2011. Commonequity deals were the highest of the type of capitalraised, at $14.72 billion. Seniordebt followed at $13.53 billion andpreferred equity brought up the rear at$7.02 billion. For the same period in 2011, thosefigures were, respectively, $17.93 billion, $10.30 billion and$3.19 billion.
Health Care REIT completed the largest commonstock offering, on Aug. 7, totaling $810.8 million. KilroyRealty holds the second place in common equity raisesduring the period studied, with a $230.5 million offering from Aug.8. Another notable common equity offering was by TaubmanCenters, at $218.5 million on Aug. 1.
SL Green Realty completed the largest preferredoffering between July 28 and Aug. 10, raising $230 million on Aug.7, SNL said. Taubman Centers raised the second-largest preferredequity offering at $175 million, raised Aug. 3. InvestorsReal Estate Trust completed a preferred offering totaling$115 million at the end of July.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
