Healthcare REIT Community Healthcare sets terms for $125 million IPO

Community Healthcare Trust, a newly-formed REIT focused on acquiring non-urban healthcare properties, announced terms for its IPO on Wednesday.

The Franklin, TN-based company plans to raise $125 million by offering 6.3 million shares at a price range of $19 to $21. At the midpoint of the proposed range, Community Healthcare Trust would command a fully diluted market value of $131 million.

Community Healthcare Trust, which was formed in 2014, plans to list on the NYSE under the symbol CHCT. Sandler O'Neill, Evercore Partners and Suntrust Robinson Humphrey are the joint bookrunners on the deal. No pricing date was disclosed.