Shumaker, Loop & Kendrick, LLP Serves as Counsel in $1.5 Billion Common Stock Offering

TOLEDO, OH, March 2, 2015 - Shumaker, Loop & Kendrick, LLP announced today that it served as sole lead counsel to Health Care REIT, Inc. (NYSE:  HCN) in the completion of its public offering of 19,550,000 shares at a price of $75.50 per share for total gross proceeds of approximately $1.5 billion.  The offering was the company’s largest overnight common stock offering in its history. 

The Shumaker team was led by Mary Ellen Pisanelli, Partner and Co-Chair of the REIT Practice Group, with the assistance of Zach Madden and Barb Rivas.  Shumaker has represented Health Care REIT, Inc. in over $25 billion of SEC registered transactions. 

Health Care REIT, Inc., an S&P 500 company with headquarters in Toledo, Ohio, is a real estate investment trust that invests across the full spectrum of seniors housing and health care real estate.  HCN also provides an extensive array of property management and development services.  As of December 31, 2014, the company’s broadly diversified portfolio consisted of 1,328 properties in 46 states, the United Kingdom, and Canada.

* * *

Founded in 1925, Shumaker, Loop & Kendrick, LLP is a full service business law firm with more than 240 attorneys practicing in Toledo and Columbus, Ohio; Tampa and Sarasota, Florida; and Charlotte, North Carolina. 

Latest Thinking