BB&T Capital Markets Serves as a Junior Co-Manager on Prologis, Inc.’s Senior Note Offering

Transaction Summary

BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2018, helping to raise $700,000,000 for our client.

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

 

About the Companies

Prologis, Inc. (“PLD” or the “Company”) is a global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of March 31, 2018, the Company owned or had investments in properties and development projects expected to total approximately 683 million square feet in 19 countries. PLD leases modern distribution facilities to a diverse base of approximately 5,000 customers across two major categories: business-to-business and retail/online fulfillment.

 

Real Estate

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, and stock repurchase programs.

About BB&T Capital Markets

BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.

  • 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.

    Read More
  • 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.

    Read More
  • 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.

    Read More
  • 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 a total of $761,750,000 for our client.

    The Company intends to use the net proceeds of this offering to reduce indebtedness and for general corporate purposes, including potential investment opportunities. The underwriters have a 30-day option to purchase an additional 1,650,000 shares to cover over-allotments.

    Read More
  • Americold Realty Trust (NYSE: COLD)

    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 $1,496,797,000 for our client.

    The Company intends to use the net proceeds of this offering to fund the Cloverleaf acquisition. Total gross proceeds includes the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 6,562,500 shares.

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  • Essex Property Trust, Inc. (NYSE: ESS)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the first quarter of 2019, helping to raise $150,000,000 for our client.

    The company intends to use the net proceeds of the offering to repay indebtedness, as well as for working capital and general corporate purposes.

    Read More
  • 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 first quarter of 2019, helping to raise $850,000,000 for our client.

    The Company intends to use the net proceeds of the offerings for funding green projects as well as to repay indebtedness.

    Read More
  • Highwoods Properties, Inc. (NYSE: HIW)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the first 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.

    Read More
  • Mid-America Apartment Communities, Inc. (NYSE: MAA)

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

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

    Read More
  • Regency Centers Corporation (Nasdaq: REG)

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

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

    Read More
  • Hudson Pacific Properties, Inc. (NYSE: HPP)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the first 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 other general corporate purposes.

    Read More
  • Ventas, Inc. (NYSE: VTR)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the first quarter of 2019, helping to raise $700,000,000 for our client.

    The Company intends to use the net proceeds of the offerings to repay indebtedness and for working capital and other general corporate purposes.

    Read More
  • Welltower Inc. (NYSE: WELL)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the first quarter of 2019, helping to raise $1,050,000,000 for our client.

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

    Read More
  • Essex Property Trust, Inc. (NYSE: ESS)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the first 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, as well as for working capital and general corporate purposes.

    Read More
  • CubeSmart (NYSE: CUBE)

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

    The Company intends to use the net proceeds of the offering for the repayment of indebtedness, as well as working capital and general corporate purposes.

    Read More
  • Liberty Property Trust (NYSE: LPT)

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

    The Company intends to use the net proceeds of the offering for working capital and general corporate purposes, including repayment of borrowings under the Company's credit facilities.

    Read More
  • Digital Realty Trust, Inc. (NYSE: DLR)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the first 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 or refinance certain green building, energy and resource efficiency, and renewable energy projects, as well as for general corporate purposes, including the repayment of debt.

    Read More
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    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the fourth quarter of 2018, helping to raise $1,000,000,000 for our client.

    The Company intends to use the net proceeds for the financing and refinancing of recently completed and future Eligible Green Projects. BXP intends to initially use the net proceeds from this offering for the repayment of debt.

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    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the fourth quarter of 2018, helping to raise $300,000,000 for our client.

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

    Read More
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    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the fourth quarter of 2018, helping to raise $400,000,000 for our client. 

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

    Read More
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    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the fourth quarter of 2018, helping to raise $454,761,183 for the selling shareholders. 

    As this was a secondary offering, the Company will not receive any of the proceeds of the sale of securities.

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  • National Retail Properties, Inc. (NYSE: NNN)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the third quarter of 2018, helping to raise $700,000,000 for our client.

    The Company intends to use the net proceeds to repay indebtedness, to fund property acquisitions, and for other general corporate purposes.

    Read More
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    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the third quarter of 2018, helping to raise $1,104,575,000 for our client.

    The Company intends to use the net proceeds of this offering to finance their acquisition of Brazilian data center provider Ascenty Ltda. Total gross proceeds includes the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 1,275,000 shares.

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  • Americold Realty Trust (NYSE: COLD)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the third quarter of 2018, helping to raise a total of $1,049,800,500 for our client.

     

    The Company intends to use the net proceeds of this offering for funding future development projects and for general corporate and working capital purposes Total gross proceeds includes the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 5,589,000 shares.

     

     

    Read More
  • Prologis, Inc. (NYSE: PLD)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the third quarter of 2018, helping to raise ¥55,100,000,000 for our client.

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

     

    Read More
  • Welltower, Inc. (NYSE: WELL)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the third quarter of 2018, helping to raise $1,300,000,000 for our client.

    The Company intends to use the net proceeds of the offerings to repay indebtedness and for general corporate purposes, including investing in health care and seniors housing properties.

    Read More
  • Ventas, Inc. (NYSE: VTR)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the third quarter of 2018, helping to raise $750,000,000 for our client.

    The Company intends to use the net proceeds, together with cash on hand and borrowings under its unsecured revolving credit facility, to repurchase the 4.75% senior notes due 2021 and for working capital and other general business purposes.

    Read More
  • Rexford Industrial Realty, Inc.(NYSE: REXR)

    BB&T Capital Markets’ Real Estate Group is participating in a transaction for a real estate investment trust, helping to raise up to $400,000,000 for our client.

    The Company intends to use net proceeds from this offering to fund potential acquisition opportunities, repay indebtedness, fund its development or redevelopment activities, and/or for general corporate purposes.

    Read More
  • Prologis, Inc. (NYSE: PLD)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the third quarter of 2018, helping to raise €700,000,000 for our client.

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

    Read More
  • Plymouth Industrial REIT, Inc. (NYSEAM: PLYM)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the third quarter of 2018, helping to raise a total of $17,200,000 for our client.

    The Company intends to use the net proceeds of this offering for future acquisitions and for general corporate and working capital purposes.

    Read More
  • Digital Realty Trust, Inc. (NYSE: DLR)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2018, helping to raise $650,000,000 for our client.

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

    Read More
  • 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 2018, helping to raise $900,000,000 for our client.

    The Company intends to use the net proceeds of the offering to fund eligible green projects, including the development and redevelopment of such projects, reduce indebtedness, and for general corporate purposes.

    Read More
  • Prologis, Inc. (NYSE: PLD)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2018, helping to raise $700,000,000 for our client.

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

     

    Read More
  • Mid-America Apartment Communities, Inc. (NYSE: MAA)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2018, helping to raise $400,000,000 for our client.

    The Company intends to use the net proceeds of the offering to partially repay their revolving credit facility and for general business purposes, including debt repayment and the purchase, development and redevelopment of apartment communities.

    Read More
  • Realty Income Corporation (NYSE: O)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the first quarter of 2018, helping to raise $500,000,000 for our client.

    The Company intends to use the net proceeds of the offering to partially repay outstanding debt on the company's $2.0 billion revolving credit facility. The remaining funds will be used to finance potential investment opportunities and for other general business purposes.

    Read More
  • AvalonBay Communities, Inc. (NYSE: AVB)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the first quarter of 2018, helping to raise $300,000,000 for our client.

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

    Read More
  • Regency Centers Corporation (NYSE: REG)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the first quarter of 2018, helping to raise $300,000,000 for our client.

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

    Read More
  • Essex Property Trust, Inc. (NYSE: ESS)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the first quarter of 2018, helping to raise $300,000,000 for our client

    The Company intends to use the net proceeds to repay indebtedness and for other general corporate and working capital purposes.

    Read More
  • National Retail Properties, Inc. (NYSE: NNN)

    BB&T Capital Markets’ Real Estate Group is participating in a transaction for a real estate investment trust, helping to raise up to $450,000,000 for our client.

    The Company intends to use net proceeds from this offering to repay outstanding indebtedness under its credit facility, to fund potential property acquisitions or for other general corporate purposes.

    Read More
  • Highwoods Properties, Inc. (NYSE: HIW)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the first quarter of 2018, helping to raise $350,000,000 for our client.

    The Company intends to use the net proceeds to repay or repurchase outstanding debt and for general corporate purposes.

    Read More
  • Ventas, Inc. (NYSE: VTR)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the first quarter of 2018, helping to raise $650,000,000 for our client.

    The Company intends to use the net proceeds, along with cash on hand and / or borrowings under its unsecured revolving credit facility, to fund a cash tender offer for its 4.00% senior notes due 2019 and for other corporate purposes.

    Read More
  • Senior Housing Properties Trust (Nasdaq: SNH)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the first quarter of 2018, helping to raise $500,000,000 for our client.

    The Company intends to use the net proceeds from this offering to reduce amounts outstanding under their revolving credit facility.

    Read More
  • Equity Residential (NYSE: EQR)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the first quarter of 2018, helping to raise $500,000,000 for our client.

    The Company expects to use the net proceeds from this offering for working capital and general company purposes, including partial repayment of the combined outstanding balance
    under their unsecured revolving credit facility and notes issued under their commercial paper program.

    Read More
  • Hospitality Properties Trust (Nasdaq: HPT)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the first quarter of 2018, helping to raise $400,000,000 for our client.

    The Company expects to use the net proceeds from this offering to repay amounts outstanding under its revolving credit facility and for general business purposes. 

    Read More