Also in December 2012, CWH’s majority owned consolidated subsidiary, SIR, completed a public offering of 8,050,000 of its common shares (including 1,050,000 common shares sold pursuant to the underwriters’ option to purchase additional shares) for gross proceeds (before deducting underwriters’ discounts and estimated expenses) of $193.2 million. SIR owns substantially all of CWH’s consolidated commercial and industrial properties located in Oahu, HI, as well as 38 suburban office and industrial properties located throughout the mainland United States. After this offering, CWH continues to own 22,000,000, or approximately 56.0%, of SIR’s common shares.Presentation:
CommonWealth REIT Announces 2012 Fourth Quarter And Year End Results
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