CAPRE’s Commercial Real Estate Headlines for September 9, 2019

Check out the latest deals and developments in commercial real estate for September 9, 2019: Alexandria Real Estate Equities, Inc. Announces Public Offering of Senior Notes: Alexandria Real Estate Equities, Inc. is commencing an underwritten public offering, subject to market conditions, of two tranches of senior notes (the "notes"). One tranche will be a new issue of securities, while the other tranche will become part of the same series as the Company's outstanding 4.000% senior notes due 2050, of which $500 million aggregate principal amount was originally issued on July¬†15, 2019. J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Mizuho Securities USA LLC and TD Securities (USA) LLC will act as joint book-running managers in connection with the public offering. The notes will be unsecured obligations of the Company and fully and unconditionally guaranteed by Alexandria Real Estate Equities, L.P., an indirectly 100% owned subsidiary of the Company. The Company expects the net proceeds from the notes in this offering will be used to repay the outstanding balance on its unsecured senior bank term loan and to reduce the outstanding balance on its unsecured senior line of credit, with any remaining proceeds to be used for general corporate purposes. Nitya, Silverpeak and Olayan Announce Joint Venture With $150M Recapitalization of Houston Multifamily Portfolio: A partnership between Nitya Capital,¬† Silverpeak and the Olayan Group was formed with the completion of a $150 million recapitalization of a portfolio of five Class B…