The Deal: REIT Trio Line Up ATMs
February 28, 2023
First Industrial Realty Trust Inc. (FR), CareTrust REIT Inc. (CTRE), and Getty Realty Corp. (GTY) have set up at-the-market (ATM) facilities as they approach the second quarter of 2023. CareTrust, a healthcare property specialist, announced that it is replacing a US$500 million ATM it established in 2020 with a new one that will provide its agents with 1.25% to 2% of sales as compensation. The new ATM will hold the same capacity as the previous one. The company operates skilled nursing, assisted living, independent living facilities, and multi-service campuses. O’Melveny & Myers LLP serves as legal advisor to CareTrust.
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