NASHVILLE, Tenn., Oct. 31, 2016 /PRNewswire/ --MedEquities Realty Trust, Inc. (NYSE: MRT) (the "Company") announced the closing of the issuance of an additional 1,434,567 shares of the Company's common stock at the initial public offering price of $12.00 per share, less underwriting discounts and commissions, to the underwriters of its initial public offering pursuant to the partial exercise of their option to purchase additional shares. The closing brings the total number of shares issued by the Company in its initial public offering to 20,434,567 shares, for gross proceeds of approximately $245.2 million.
FBR, J.P. Morgan, Citigroup, KeyBanc Capital Markets, Raymond James and RBC Capital Markets served as joint book-running managers for the offering, and JMP Securities, Fifth Third Securities and Capital One Securities served as co-managers for the offering.
About MedEquities Realty Trust
MedEquities Realty Trust (NYSE: MRT) is a self-managed and self-administered real estate investment trust that invests in a diversified mix of healthcare properties and healthcare-related real estate debt investments. The Company's management team has extensive industry experience in acquiring, owning, developing, financing, operating, leasing and monetizing many types of healthcare properties and portfolios. MedEquities' strategy is to become an integral capital partner with high-quality and growth-oriented facility-based providers of healthcare services on a nationwide basis, primarily through net-leased real estate investment. For more information, please visit www.medequities.com.
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SOURCE MedEquities Realty Trust, Inc.