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

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

Earlier this week WRIT priced an underwritten public offering of$300 million of senior unsecured notes due October 15, 2022. Thenotes have an annual coupon rate of 3.95% and were priced at99.438% of the principal amount. Their sale is expected to close onSeptember 17, 2012. WRIT is using the net proceeds to repayborrowings under its lines of credit and the remainder for generalcorporate purposes. J.P. Morgan Securities LLC, CitigroupGlobal Markets Inc., Wells Fargo Securities, LLC andCredit Suisse Securities (USA) LLC are the jointbook-running managers and Merrill Lynch, Pierce, Fenner& Smith Incorporated, Raymond James & Associates, Inc.,Stifel, Nicolaus & Co. and SunTrust RobinsonHumphrey, Inc. are senior co-managers.