• BB&T Capital Markets has committed more than $3.5 billion to the REIT sector through 2014, making it one of our fastest growing industry verticals.

Real Estate Group

The BB&T Capital Markets Real Estate Group is led by an experienced banking team focused on serving the broad needs of Real Estate Investment Trusts (REITs) and private real estate sponsors. Our corporate and investment bankers are experts in all aspects of REITs and commercial real estate, allowing us to provide a comprehensive suite of capital markets solutions ranging from corporate lending, equity and debt underwriting, joint venture equity placements, and merger and acquisition advisory. This unique teaming enables us to serve clients with financing options that are optimized for their specific needs and strategic initiatives.

Core services include:

  • At-the-market (ATM) offerings
  • Entity-level recapitalizations
  • Follow-on equity offerings
  • Initial public offerings
  • Joint venture equity
  • Merger and acquisition (M&A) advisory
  • Preferred stock offerings
  • Sale leasebacks
  • Senior debt offerings
  • Stock repurchase programs
 

Our dedicated real estate team has executed more than 150 debt and equity REIT transactions totaling $50 billion since 2012

  • Alexandria Real Estate Equities, Inc. (NYSE: ARE)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the third quarter of 2019, helping to raise $1,250,000,000 for our client.

    The Company intends to use the net proceeds of the offerings for debt repayment and general corporate purposes.

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  • UDR, Inc. (NYSE: UDR)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2019, helping to raise $300,000,000 for our client.

    The Company intends to use the net proceeds of the offering for debt repayment and other general corporate purposes.

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  • Alexandria Real Estate Equities, Inc. (NYSE: ARE)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2019, helping to raise a total of $641,987,500 for our client.

    The Company intends to use the net proceeds of this offering to finance pending acquisitions, as well as for general working capital and other corporate purposes. Total gross proceeds includes the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 577,500 shares. 

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  • Ventas, Inc. (NYSE: VTR)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2019, helping to raise $450,000,000 for our client.

    The Company intends to use the net proceeds of the offering for debt repayment and working capital and other general corporate purposes.

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  • HCP, Inc. (NYSE: HCP)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2019, helping to raise $1,300,000,000 for our client.

    The Company intends to use the net proceeds of the offerings for debt repayment.

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  • Boston Properties, Inc. (NYSE: BXP)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2019, helping to raise $850,000,000 for our client.

    The Company intends to use the net proceeds of the offering to finance recently completed and future eligible green projects in the U.S. and debt repayment.

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  • Realty Income Corporation (NYSE: O)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2019, helping to raise $500,000,000 for our client.

    The Company intends to use the net proceeds of the offering to repay borrowings and for general corporate purposes.

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  • Digital Realty Trust (NYSE: DLR)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2019, helping to raise $900,000,000 for our client.

    The Company intends to use the net proceeds of the offering to fully refinance outstanding notes.

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  • Monkey Junction Self Storage

    On June 7, 2019, Monkey Junction Self Storage, LLC (“Monkey Junction Self Storage” or the "Company"), was acquired by Prime Group Holdings, LLC (“Prime Group”). BB&T Capital Markets and Environments Unlimited, LLC served as the exclusive financial advisors to Monkey Junction Self Storage.

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  • Camden Property Trust (NYSE: CPT)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2019, helping to raise $600,000,000 for our client.

    The Company intends to use the net proceeds of the offering to repay indebtedness and for general corporate purposes.

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  • Ventas, Inc. (NYSE: VTR)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2019, helping to raise a total of $690,250,000 for our client.

    The Company intends to use the net proceeds of this offering to fund a portion of its pending portfolio acquisition with LGM and for working capital and other general corporate purposes. The underwriters have a 30-day option to purchase an additional 1,650,000 shares to cover over-allotments.

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  • Life Storage, Inc. (NYSE: LSI)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2019, helping to raise $350,000,000 for our client.

    The Company intends to use the net proceeds of the offering to repay indebtedness and for general corporate purposes

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  • Plymouth Industrial REIT, Inc. (NYSE: PLYM)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2019, helping to raise a total of $52,500,000 for our client.

    The Company intends to use the net proceeds of this offering to reduce indebtedness and for working capital and other general corporate purposes, including potential investment opportunities. The underwriters have a 30-day option to purchase an additional 450,000 shares to cover over-allotments.

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  • Extra Space Storage Inc. (NYSE: EXR)

    BB&T Capital Markets’ Real Estate Group is participating in a transaction for a real estate investment trust, helping to raise up to approximately $500,000,000 for our client.

    The Company intends to use net proceeds from this offering for general corporate and working capital purposes, which may include the repayment of indebtedness and the funding of potential opportunities.

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  • AvalonBay Communities, Inc. (NYSE: AVB)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2019, helping to raise $450,000,000 for our client.

    The Company intends to use the net proceeds of the offering to repay indebtedness and for general corporate purposes.

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  • Brixmor Property Group (NYSE: BRX)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2019, helping to raise $400,000,000 for our client.

    The Company intends to use the net proceeds of the offering to repay indebtedness and for general corporate purposes.

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BB&T Capital Markets REIT commitments are focused across multiple asset types and industry sectors.