Real Estate Expertise

FBR is a leading underwriter of securities for U.S. real estate companies, particularly for small and mid-cap companies.  For the past ten years, FBR has been the #1 book-running manager for all common stock offerings for U.S. real estate companies with a market capitalization of $1 billion or less.¹

The group focuses on capital raising for commercial and residential developers, office, industrial, retail and multi-family companies, and owners and developers of hospitality and gaming properties.  The group also serves structured finance and net lease companies, including companies focused on special purpose assets.  Representatitve transactions include book running manager on the initial equity offerings for Chatham Lodging Trust, Highland Hospitality, Northstar Realty Finance and Thomas Properties Group.  We have also completed numerous private placements for firms such as DiamondRock Hospitality, Thunderbird Resorts, Provident Senior Living Trust and Vintage Wine Trust.

We are also a leading advisor to the real estate industry, raising capital for, and providing strategic advice to leading public and private real estate companies.

We have continued to build out our real estate research platform, adding coverage of gaming, office, industrial and multi-family RIETs, and broadening coverage of mortgage and lodging REITs.  We  publish, in addition to individual company reports, Property Week, which covers developments across the sector in an easily accessed format.

Representative transactions include in-bankruptcy restructuring advisors for affiliates of Harp Hospitality, sell-side M&A advisor to affiliates of Mission Residential and buy-side M&A advisor to an affiliate of JER Realty.  Lastly, we have a fully dedicated private placement group.

1)Source: Dealogic. Relates to total deal value of all common stock or common equity, including private placements, offered for all U.S. & Bermuda real estate companies with a market capitalization of $1 billion or less. Transactions priced between 7/1/01 and 6/30/11, with apportioned credit to all book-runners. Includes only rank eligible transactions.