
Global Medical REIT Prices $50 Million Offering

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Global Medical REIT has priced a public offering of 2 million shares of its 8% series B cumulative redeemable preferred stock at $25 per share, expecting to raise $50 million. The offering is set to close on Nov. 20, with a 30-day option for underwriters to purchase an additional 300,000 shares. Proceeds will be used for general corporate purposes.

