Real Estate Investment Banking

From IPOs to follow-on offerings, acquisition and operational funding, a real estate investment banking team with a strong track record is critical to raising the capital so critical to the business of commercial real estate. Our KeyBanc Capital Markets® platform provides full-service financing for all types of REITs and private owners of real estate from both the public and private equity markets, and includes joint venture funding and both buy-side and sell-side advisory services. We provide complementary services to KeyBank Real Estate Capital, which provides debt-side solutions.

In the last decade, we have managed more than 250 transactions that delivered more than $56 billion in financing, including specialized services for non-traded REITs, triple net transactions and student housing.

We put a senior team on every deal. Our experienced investment bankers begin each engagement by listening to your goals before we propose financial strategies – then we come through with successful executions.

See a detailed list of our full service real estate investment banking deals here (PDF), including the following recent transactions:

  • KeyBanc Capital Markets acted as Joint Bookrunner for Physicians Realty Trust’s $206 million Follow-On Offering.
  • KeyBanc Capital Markets acted as a Sell-Side Advisor to SmartStop Self Storage, Inc. on the company’s sale to Extra Space Storage Inc. SmartStop stockholders received $13.75 per share in cash which represents a total purchase price of approximately $1.4 billion.
  • KeyBanc Capital Markets acted as Joint Lead Placement Agent for Terreno Realty Corporation’s private placement of $100 million Senior Unsecured Notes.

We have served the needs of many REITs since before they went public, beginning with pre-IPO services, then growing with them as they go public, acquire other firms, raise additional capital and restructure shares and debt. This matrix of clients and our deal history demonstrates a few of our representative long-term client relationships, including:

  • American Campus Communities
  • EDR Collegiate Housing
  • First Potomac Realty Trust
  • MPT
  • DuPont Fabros Technology
  • Kite Realty Group

We provide comprehensive real estate capital markets services including:

  • At-the-Market Offerings
  • Debt Offerings
  • Follow-on Equity Offerings
  • IPOs
  • Joint venture capital
  • M&A Advisory (buy-side and sell-side)
  • Preferred Equity Offerings
  • Private equity capital
  • Public market equity capital
  • Public Note Offerings