Healthcare Realty Trust has filed papers to sell up to 9.2 million shares and will use proceeds from the offering to fund new construction projects and purchases of medical office buildings around the country.
If successful, West End-based Healthcare Realty would raise more than $200 million from the sale. Shares of the company (Ticker: HR) were down about 3 percent to about $23 in pre-market trading Tuesday but have climbed more than 25 percent in 2012.
The offering — check out its details here — is being made under a shelf registration statement Healthcare Realty Trust filed early last year. Investment banks Barclays, JPMorgan and Wells Fargo Securities are handling the transaction.
Healthcare Realty owns 198 properties in 28 states that total about 13.5 million square feet. It also provides property management services to more than 10 million square feet of medical space.
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