Global Medical REIT Inc | 7.50% Series A Cumulative Redeemable Preferred Stock (GMRE.PRA)
Prospectus excerpt: Global Medical REIT Inc. (Ùwe,ˆ Ùus,ˆ Ùourˆ or the ÙCompanyˆ) is an externally managed Maryland corporation, engaged primarily in the acquisition of licensed, state-of-the-art, purpose-built healthcare facilities and the leasing of these facilities to strong clinical operators with leading market share. We are selling 2,700,000 shares of our 7.50% Series A Cumulative Redeemable Preferred Stock, $0.001 par value per share (ÙSeries A Preferred Stockˆ), in this offering. This is the original issuance of shares of our Series A Preferred Stock, which have a liquidation preference of $25.00 per share.
Global Medical REIT is an internally managed real estate investment trust (REIT) that acquires healthcare facilities and leases those facilities to physician groups and regional and national healthcare systems. Co. conducts its business through an umbrella partnership REIT structure in which its properties are owned by wholly owned subsidiaries of its operating partnership, Global Medical REIT L.P. (the Operating Partnership). Co.'s wholly owned subsidiary, Global Medical REIT GP LLC, is the sole general partner of its Operating Partnership. Co.'s portfolio consists of medical office building, inpatient rehab facility, surgical hospital, and other.
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