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Newton Senior Housing REIT To Offer 4.5M Shares

Sep 10, 2009 | Reprints | Unlock Link | Print

Newton-based REIT Senior Housing Properties Trust has announced the launch of its public offering of 4.5 million common shares.

Senior Housing Properties Trust expects to use the proceeds of this offering for general business purposes, including funding in part pending acquisitions or possible future acquisitions of properties.

The underwriters will also be granted a 30-day option to purchase up to an additional 675,000 common shares to cover overallotments, if any.

Bank of America, Merrill Lynch, UBS Investment Bank and Wells Fargo Securities are the joint book-running managers.

Banking & Lending