| | |
Per Share
|
| |
Total(2)
|
| ||||||
Public offering price(1)
|
| | | $ | | | | | $ | | | ||
Underwriting discount
|
| | | $ | | | | | | $ | | | |
Proceeds, before expenses, to us
|
| | | $ | | | | | | $ | | | |
|
B. Riley FBR
|
| |
BMO Capital
Markets |
| |
Ladenburg
Thalmann |
| |
D.A. Davidson & Co.
|
|
|
Janney Montgomery Scott
|
| |
William Blair
|
|
|
Boenning & Scattergood
|
| |
KeyBanc Capital Markets
|
| |
National Securities
|
|
| | |
Page
|
| |||
PROSPECTUS SUPPLEMENT
|
| | |||||
| | | | S-iii | | | |
| | | | S-iv | | | |
| | | | S-1 | | | |
| | | | S-1 | | | |
| | | | S-2 | | | |
| | | | S-8 | | | |
| | | | S-14 | | | |
| | | | S-15 | | | |
| | | | S-16 | | | |
| | | | S-28 | | | |
| | | | S-29 | | | |
| | | | S-34 | | | |
| | | | S-34 | | | |
| | | | S-35 | | | |
| | | | S-36 | | |
| | |
Page
|
| |||
| | | | 1 | | | |
| | | | 1 | | | |
| | | | 2 | | | |
| | | | 3 | | | |
| | | | 4 | | | |
| | | | 6 | | | |
| | | | 7 | | | |
| | | | 7 | | | |
| | | | 7 | | | |
| | | | 8 | | | |
| | | | 25 | | | |
| | | | 34 | | | |
| | | | 34 | | | |
| | | | 35 | | | |
| | | | 35 | | | |
| | | | 36 | | | |
| | | | 39 | | | |
| | | | 39 | | | |
| | | | 44 | | | |
| | | | 66 | | | |
| | | | 66 | | | |
| | | | 70 | | | |
| | | | 70 | | |
| | |
As of September 30, 2019
(unaudited) |
| |||||||||
| | |
Actual
|
| |
Pro Forma
As Adjusted |
| ||||||
| | |
($ in thousands, except per
share data) |
| |||||||||
Cash and cash equivalents
|
| | | $ | 305,962 | | | | | $ | | | |
Restricted cash
|
| | | | 3,950 | | | | | | 3,950 | | |
Debt: | | | | ||||||||||
Mortgage notes payable, net
|
| | | $ | 1,366,818 | | | | | $ | 1,366,818 | | |
Revolving Credit Facility
|
| | | | 101,405 | | | | | | 101,405 | | |
Term loan, net
|
| | | | 389,885 | | | | | | 389,885 | | |
Total debt
|
| | | $ | 1,858,108 | | | | | $ | 1,858,108 | | |
Stockholders’ equity: | | | | ||||||||||
Series A Preferred Stock, $0.01 par value per share, liquidation preference $25.00 per share, 13,409,650 shares authorized, actual and pro forma as adjusted; 6,682,448 shares issued and outstanding, actual; 6,799,467 issued and outstanding, pro forma as adjusted
|
| | | $ | 67 | | | | | $ | 68 | | |
Series B Preferred Stock, $0.01 par value per share, liquidation preference $25.00 per share, no shares authorized, issued and outstanding, actual; shares authorized, issued and outstanding, pro forma as adjusted
|
| | | | — | | | | |||||
Common stock, $0.01 par value per share, 150,000,000 shares authorized, 89,458,340 shares issued and outstanding, actual and pro forma as adjusted
|
| | | | 2,225 | | | | | | 2,225 | | |
Additional paid-in capital
|
| | | | 2,322,419 | | | | |||||
Accumulated other comprehensive loss
|
| | | | (14,618) | | | | | | (14,618) | | |
Accumulated deficit
|
| | | | (694,714) | | | | | | (694,714) | | |
Total stockholders’ equity
|
| | | $ | 1,615,379 | | | | | $ | | | |
Non-controlling interest
|
| | | $ | 9,968 | | | | | $ | 9,968 | | |
Total equity
|
| | | $ | 1,625,347 | | | | | $ | | | |
Total Capitalization
|
| | | $ | 3,791,814 | | | | | $ | | | |
Underwriter
|
| |
Number of Shares
|
|
B. Riley FBR, Inc.
|
| |
|
|
BMO Capital Markets Corp.
|
| |
|
|
Ladenburg Thalmann & Co. Inc.
|
| | | |
D.A. Davidson & Co.
|
| | | |
Janney Montgomery Scott LLC
|
| | | |
William Blair & Company, L.L.C.
|
| | | |
Boenning & Scattergood, Inc.
|
| | | |
KeyBanc Capital Markets Inc.
|
| | | |
National Securities Corporation
|
| | | |
Total | | | | |
| | |
No Exercise
|
| |
Full Exercise
|
| ||||||
Per share
|
| | | $ | | | | | $ | | | ||
Total
|
| | | $ | | | | | | $ | | | |
| | |
Page
|
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| | | | 39 | | | |
| | | | 39 | | | |
| | | | 44 | | | |
| | | | 66 | | | |
| | | | 66 | | | |
| | | | 70 | | | |
| | | | 70 | | |
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