Community Healthcare Trust Priced, NYSE: CHCT

Newly formed REIT focused on acquiring non-urban healthcare properties.

Industry: Real Estate

Latest Trade: $24.95 -0.47 (-1.8%)

First Day Return: +3.9%

Return from IPO: +33.8%

Industry: Real Estate

We are a fully-integrated healthcare real estate company that is organized as a Maryland corporation. We acquire and own properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers primarily in Non-Urban markets. Our strategic focus is to invest in real estate that is diversified across healthcare provider, geography, facility type and industry segment. We believe that favorable demographic trends, continuing increases in healthcare spending and the continuing shift in the delivery of healthcare services to community-based outpatient facilities create attractive opportunities for us. We focus on Non-Urban healthcare facilities because we believe these properties are essential to healthcare providers in their local markets and can generate more attractive risk-adjusted returns than similar facilities in urban markets. In addition, we believe our management team's extensive relationships with healthcare providers and owners of healthcare facilities provide us with the opportunity to acquire attractive Non-Urban healthcare facilities outside of a competitive bidding process. Furthermore, we believe there is significantly less competition from existing REITs and institutional buyers for these Non-Urban assets.
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IPO News for Community Healthcare Trust
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IPO Data
IPO File Date 04/02/2015
Offer Price $19.00
Price Range $19.00 - $21.00
Offer Shares (mm) 6.3
Deal Size ($mm) $119
IPO Data
IPO Date 05/20/2015
Offer Price $19.00
Price Range $19.00 - $21.00
Offer Shares (mm) 6.3
Deal Size ($mm) $119
Underwriters
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Company Data
Headquarters Franklin, TN
Founded 2014
Employees 8
Website www.communityhealthcaretrust.com