Vinson & Elkins advised WPT Industrial REIT in its acquisition of a portfolio of 26 U.S. distribution and logistics properties totaling approximately nine million square feet of gross leasable area and one 85-acre land parcel for a purchase price of US$730 million (the “Acquisition”). Announced concurrently, V&E also advised WPT Industrial REIT in an agreement to sell to a syndicate of underwriters co-led by Desjardins Capital Markets, BMO Capital Markets and RBC Capital Markets, on a bought deal basis, 14,150,000 Subscription Receipts at a price of US$14.35 per Subscription Receipt for gross proceeds of approximately US$203 million (the “Offering”).
Partner Damara Chambers has been selected as Vinson & Elkins’ 2020 Leadership Council on Legal Diversity (LCLD) Fellow and senior associates Rafael Alvarado and Michelle Arishita have been selected as V&E’s 2020 LCLD Pathfinders.
Vinson & Elkins is serving as underwriters’ counsel in connection with National Retail Properties, Inc.’s public offering of $400 million of 2.500% senior unsecured notes due 2030 and $300 million of 3.100% senior unsecured notes due 2050.
Vinson & Elkins advised New York Mortgage Trust, Inc. in connection with its $269.7 million underwritten public offering of common stock.
Vinson & Elkins advised Preferred Apartment Advisors, LLC (the “Manager”) and NMP Advisors, LLC (the “Sub-Manager”) in connection with Preferred Apartment Communities, Inc.’s internalization of the functions performed by the Manager and Sub-Manager by acquiring the entities that own the Manager and the Sub-Manager for an aggregate purchase price of $154 million, plus up to $25 million of potential additional earnout consideration.
Vinson & Elkins advised New York Mortgage Trust, Inc., in connection with its $183 million underwritten public offering of common stock.
Vinson & Elkins advised Global Medical REIT Inc. in connection with the pricing of an upsized underwritten public offering of 6,000,000 shares of its common stock for gross proceeds of $78.0 million.
As 2019 draws to a close, Vinson & Elkins is pleased to highlight the most recent additions to the firm’s partnership.
Vinson & Elkins advised New York Mortgage Trust, Inc. in connection with the underwritten public offering of $153 million of its common stock.
Vinson & Elkins is among the firms included in the 2019 Global Investigations Review (GIR) 100 , an independent guide to the world’s best firms for international investigations. The GIR 100 has…
Vinson & Elkins advised Ellington Financial, Inc. in connection with its underwritten public offering of 4,000,000 shares of 6.750% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred…