BSR Real Estate Investment Trust
$135,000,000.00
13,500,000.00 Units at $10.00
Initial Public Offering - Closed - Friday, May 18, 2018
Company Description
BSR Real Estate Investment Trust is an internally managed, newly-created, unincorporated, open-ended real estate investment trust established to own and operate a portfolio of multifamily real estate properties in the United States. On closing, the REIT will indirectly own a 47-property portfolio of multifamily garden-style residential properties, comprising 9,879 apartment units, located across five bordering states in the Sunbelt region of the United States.
| Address: |
1400 West Markham Street, Suite 202 Little Rock, Arkansas, 72201 United States |
|---|---|
| Phone Number: | 501 371 6335 |
| Fax Number: | 501 374 3383 |
| Website: |
| Industry: | Real Estate |
|---|---|
| Closing Date: | Friday, May 18, 2018 |
| 1st Day of Trading: | Friday, May 18, 2018 |
| Primary Symbol: | HOM |
| Exchange: | Toronto |
Proceeds
The net proceeds of the offering will be used to repay some of the indebtedness owing by BSR including some of indebtedness outstanding under the Credit Facility and to fund transaction costs associated with the offering. The net proceeds from the issue of Units on exercise of the over-allotment option will be used by the REIT for capital expenditures on the initial properties, to repay indebtedness or for future acquisitions.
| Gross Proceeds: | US $135,000,000.00 |
|---|---|
| Underwrting Fees: | US $8,100,000.00 |
| Expense Offering: | US $7,650,000.00 |
| Net Proceeds: | US $119,250,000.00 |
| Lead Underwriter: | BMO Nesbitt Burns Inc. |
|---|---|
| Other Underwriter(s): |
RBC Dominion Securities Inc. CIBC World Markets Inc. TD Securities Inc. Scotia Capital Inc. National Bank Financial Inc. Desjardins Securities Inc. Raymond James Ltd. Industrial Alliance Securities Inc. Canaccord Genuity Corp. Echelon Wealth Partners Inc. |
Performance
| 1 day | 1 week | 1 month | 6 months | Inception | |
|---|---|---|---|---|---|
| Recent Performance | 0.40 % | 2.97 % | -5.74 % | -4.51 % | 24.90 % |
| Post IPO Performance | -4.00 % | -4.00 % | -10.80 % |
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