Realty Capital Securities, LLC will be managing the initial public offering of a Healthcare Trust of America, a former Grubb & Ellis company.

Healthcare Trust of America Inc. was formerly known as Grubb & Ellis Healthcare REIT Inc. RCS will be assuming exclusive dealer manager responsibilities for the company’s IPO of up to $2.2 billion in shares of its common stock.

This includes $2 billion in shares offered at $10 per share in the primary offering and $200 million in shares offered at $9.50 per share, pursuant to the distribution reinvestment plan, according to a statement.

Arizona-based Healthcare Trust of America Inc. is a public REIT with more than $1 billion in assets and a portfolio of more than 40 medical and medical office properties in 18 states.

Realty Capital Securities is based in Boston.

Realty Capital Securities Named Manager For Former Grubb & Ellis Healthcare IPO

by Banker & Tradesman time to read: 1 min
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