REIT Prices Stock Offering

November 14, 2006, 3:00 p.m. EST 1 Min Read

Senior Housing Properties Trust, a real estate investment trust based in Newton, Mass., has priced a follow-on public offering of 5.0 million common shares of beneficial interest at $22.06 per share.The joint book-running managers of the offering are UBS Investment Bank and Merrill Lynch & Co. The REIT said it has granted the underwriters an option to buy up to 750,000 additional shares to cover any overallotments. The company can be found online at http://www.snhreit.com.

For reprint and licensing requests for this article, click here.

TRENDING

Ginnie Mae

Ted Tozer: climate change will drive g-fees, repurchases up

The threats to companies loom as borrowers face soaring homeowners insurance costs, ex-Ginnie Mae head Ted Tozer explains.

By Andrew Martinez

1h ago
Climate change

Servicers likely to be leaders on climate-related reform: FHA

The Federal Housing Administration, the Department of Veterans Affairs and the Federal Housing Finance Agency have started gathering data and analyzing how climate risk will impact the housing ecosystem.

By Maria Volkova

April 22
Cherry Hill considering merger or asset sale

A special committee is exploring any possible structural "strategic alternatives," which would be aimed at increasing shareholder value, the real estate investment trust said.

By Spencer Lee

April 22

MORE FROM NATIONAL MORTGAGE NEWS

Ginnie Mae

Ted Tozer: climate change will drive g-fees, repurchases up

The threats to companies loom as borrowers face soaring homeowners insurance costs, ex-Ginnie Mae head Ted Tozer explains.

By Andrew Martinez

1h ago
Climate change

Servicers likely to be leaders on climate-related reform: FHA

The Federal Housing Administration, the Department of Veterans Affairs and the Federal Housing Finance Agency have started gathering data and analyzing how climate risk will impact the housing ecosystem.

By Maria Volkova

April 22
Cherry Hill considering merger or asset sale

A special committee is exploring any possible structural "strategic alternatives," which would be aimed at increasing shareholder value, the real estate investment trust said.

By Spencer Lee

April 22
Secondary markets

How climate change can disrupt secondary market pricing

An insurance-indexed debt-to-income ratio could help mitigate borrowers' rising premiums, and help maintain a healthy servicing portfolio, experts said.

By Andrew Martinez

April 22
Servicing

Delinquent mortgages rise year-over-year

But the number of properties whose mortgage is more than 90 days late is at its lowest since 2006, ICE Mortgage Technology said.

By Brad Finkelstein

April 22
Mortgage technology

Mortgage execs want more choices, lower costs from tech vendors

Industry leaders expressed a high degree of satisfaction with technology in use, but also said a product's cost is the most important criteria for them when partnering with vendors, according to Fannie Mae research.

By Spencer Lee

April 22