Morrison & Foerster’s REIT practice guided MedEquities Realty Trust, Inc. [NYSE: MRT] on the closing of its $239 million Initial Public Offering. MedEquities Realty Trust began trading on September 29, 2016, and the offering closed on October 4, 2016.
FBR, J.P. Morgan, Citigroup, KeyBanc Capital Markets, Raymond James and RBC Capital Markets served as joint book-running managers and JMP Securities, Fifth Third Securities and Capital One Securities served as co-managers for the offering.
MedEquities Realty Trust is a self-managed and self-administered real estate investment trust based in Nashville, Tennessee that invests primarily in healthcare real estate. Its portfolio is currently comprised of 24 healthcare facilities located in Texas, California, Nevada and South Carolina.
The deal team, led by Washington, D.C. corporate partner David Slotkin and associate Andy Campbell, also included key contributions from Washington, D.C. corporate associates John Hensley, Kaihli Ross and Katherine Shaia, and New York tax partner Michelle Jewett and tax associate Shiukay Hung.