UK Health Care REIT Scores £94M From Share Sale

Law360 (February 23, 2018, 5:44 PM EST) -- U.K.-based real estate investment trust Target Healthcare REIT Ltd. on Friday said a recent stock offering raked in £94 million ($131.3 million) to be used to finance a number of current investments, as well as pending and potential projects.

Target issued approximately 87 million shares at 108 pence apiece on the London Stock Exchange through a placement, open offer and subscription offer.

Target's investments focus primarily on modern, purpose-built care homes, all of which are located in the U.K., and the company said it plans to...
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