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AmREIT Inc Announces Common Stock Offering


Monday, 15 Jul 2013 04:02pm EDT 

AmREIT Inc announced that it plans to sell 3,000,000 shares of its common stock in an underwritten public offering. The Company also plans to grant the underwriters a 30-day option to purchase up to 450,000 additional shares of common stock to cover overallotments, if any. Jefferies is serving as sole book-running manager for the offering. Baird will be serving as lead manager. The Company intends to use the net proceeds from the offering to repay borrowings outstanding under its unsecured revolving credit facility, to fund all or a portion of the acquisition of the fee simple interest in its Preston Royal East property, to fund a portion of the acquisition of Woodlake Square from its joint venture partner and two of its advised funds, and for general corporate purposes. 

Company Quote

21.69
2.49 +12.97%
10 Jul 2014