Medindia

X

Healthcare Realty Trust Announces Public Offering of Seven Million Shares of Common Stock

Monday, September 22, 2008 General News J E 4
Advertisement
NASHVILLE, Tenn., Sept. 22 Healthcare RealtyTrust Incorporated (NYSE: HR) announced today that it will begin anunderwritten public offering of 7,000,000 shares of the Company's commonstock. As part of the offering, the Company also intends to grant theunderwriters a 30-day option to purchase up to an additional 1,050,000 sharesto cover over-allotments. The Company intends to use the net proceeds fromthis offering to invest in recently closed and anticipated acquisitions ofmedical office, other outpatient-related facilities and for general corporatepurposes.

Wachovia Securities, J.P.Morgan, Banc of America Securities LLC and UBSInvestment Bank will act as joint book-running managers for the offering. Theoffering is being made solely by means of a preliminary prospectus supplementand the accompanying prospectus. Copies of the preliminary prospectussupplement and accompanying prospectus relating to the offering may beobtained from Wachovia Capital Markets, LLC, 375 Park Avenue, New York, NY10152-4077, equity.syndicate@wachovia.com, or by calling Wachovia CapitalMarkets, LLC at (800) 326-5897, from J.P. Morgan Securities Inc., NationalStatement Processing, Prospectus Library, 4 Chase Metrotech Center, CS Level,Brooklyn, NY 11245, or calling (718) 242-8002, from Banc of America SecuritiesLLC at Banc of America Securities LLC, Capital Markets (ProspectusFulfillment) by e-mail to dg.prospectus_distribution@bofasecurities.com or bymail to Banc of America Securities LLC, Capital Markets Operations, 100 West33rd Street, 3rd Floor, New York, NY 10001, or from UBS Securities LLC,Prospectus Department, 299 Park Avenue, New York, NY 10171 or by calling (888)827-7275 extension 3884.

The shares of common stock are being sold pursuant to the Company'sexisting effective shelf registration statement on file with the Securitiesand Exchange Commission. This press release is not an offer to sell, nor asolicitation of an offer to buy securities, nor shall there be any sale ofthese securities in any state or jurisdiction in which the offer, solicitationor sale would be unlawful prior to the registration or qualification under thesecurities laws of such state or jurisdiction.

Healthcare Realty Trust is a real estate investment trust that integratesowning, managing and developing income-producing real estate propertiesassociated primarily with the delivery of outpatient healthcare servicesthroughout the United States. The Company had investments of approximately$1.8 billion in 181 real estate properties and mortgages as of June 30, 2008,excluding assets classified as held for sale and including investments inthree unconsolidated limited liability companies. The Company's 174 ownedreal estate properties, excluding assets classified as held for sale, arecomprised of six facility types, located in 24 states, totaling approximately10.8 million square feet. The Company provides property management servicesto approximately 7.2 million square feet nationwide.

In addition to the historical information contained within, the mattersdiscussed in this press release may contain forward-looking statements thatinvolve estimates, assumptions, risks and uncertainties, including theultimate amount and price at which the sale of the securities will occur andthe use of proceeds from this offering. These risks are discussed in filingswith the Securities and Exchange Commission by Healthcare Realty Trust,including its Annual Report on Form 10-K for the year ended December 31, 2007under the heading "Risk Factors," and as may be updated in its QuarterlyReports on Form 10-Q filed thereafter. Forward-looking statements representthe Company's judgment as of the date of this release. The Company disclaimsany obligation to update forward-looking material.

SOURCE Healthcare Realty Trust Incorporated
Advertisement


Advertisement

You May Also Like

Advertisement
View All

Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
User Avatar
* Your comment can be maximum of 2500 characters
I agree to the terms and conditions
s
AdvaMed 2008 Announces Highlights for Monday, Sept...
S
Art and Celebrity Worlds Come Together to Fight Pe...