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WASHINGTON, DC-Local REITs Chesapeake Lodging Trust and Washington Real Estate Investment Trust are in the process of raising $115.2 million and $300 million, respectively, via separate public offerings. Chesapeake Lodging Trust priced its public offering of 6.5 million common shares at of $18.50 per share, with the offering expected to close on September 18, 2012.

Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are the joint book-running managers and Robert W. Baird & Co. Incorporated, KeyBanc Capital Markets Inc., RBC Capital Markets, LLC, and JMP Securities LLC, co-managers. The REIT intends to use the net proceeds of the offering to repay borrowings under its revolving credit facility and for general corporate purposes, including the acquisition of hotels.

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