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:

  • American Campus Communities, Inc. turned to us to serve as a Joint Book-Running Manager for a $763.3 million follow-on offering.
  • BioMed Realty Trust, Inc. turned to us to act as a Joint Book-Running Manager for a $250 million offering of senior unsecured notes.
  • KeyBanc Capital Markets served as a Joint Book-Running Manager on the Retail Properties of America, Inc. $292.6 million IPO.
  • Health Care REIT, Inc. has agreed to acquire Sunrise Senior Living, Inc. for $3.2 billion, with KeyBanc Capital Markets acting as a sell side advisor.

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