Shumaker, Loop & Kendrick, LLP announced today that it served as sole lead counsel to Health Care REIT, Inc. (NYSE: HCN) in the completion of its public offering of 17,825,000 shares at a price of $63.75 per share for total gross proceeds of approximately $1.1 billion. Including HCN’s May offering of common stock that also exceeded $1.1 billion in gross proceeds, Shumaker has served as sole lead counsel in the two largest individual overnight marketed common stock offerings by any NYSE listed company thus far in 2014 based on total gross proceeds.
The Shumaker team was led by Mary Ellen Pisanelli, Partner and Co-Chair of the REIT Practice Group, with the assistance of Zach Madden and Greg Shope. Shumaker has represented Health Care REIT, Inc. in over $22 billion of SEC registered transactions.
Health Care REIT, Inc., an S&P 500 company with headquarters in Toledo, Ohio, is a real estate investment trust that invests across the full spectrum of seniors housing and health care real estate. HCN also provides an extensive array of property management and development services. As of June 30, 2014, HCN’s broadly diversified portfolio consisted of 1,224 properties in 46 states, the United Kingdom, and Canada.
Source: www.slk-law.com
