Community Healthcare Trust (CHCT) IPO Opens Flat

Today's IPO for Community Healthcare Trust (NYSE: CHCT) opened for trading at $19 after pricing of its initial public offering of 6,250,000 shares of its common stock at a public offering price of $19 per share, the low end of the expected $19-$21 range.

The Company has granted the underwriters a 30-day option to purchase from the Company up to an additional 937,500 shares of its common stock at the initial public offering price per share.

Sandler O'Neill + Partners, L.P., Evercore Group L.L.C., and SunTrust Robinson Humphrey, Inc., are acting as joint book-running managers of the underwriters for the offering. Janney Montgomery Scott LLC, Oppenheimer & Co. Inc. and BB&T Capital Markets are acting as co-lead managers for the offering.

Community Healthcare Trust Incorporated is a fully-integrated healthcare real estate company that was recently organized as a Maryland corporation to acquire and own properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers in Non-Urban markets.

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