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Treehouse Real Estate Investment Trust Raises $60.3M With Private Offering

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Treehouse Real Estate Investment Trust Raises $60.3M With Private Offering

Treehouse Real Estate Investment Trust, Inc., a cannabis-focused REIT, said Wednesday it has ended its private offering and private placement of 2.5 million common shares for gross proceeds of around $60.3 million.

The original purchasers and placement agents were Ladenburg Thalmann and Compass Point.

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 “Treehouse is incredibly excited to announce the completion of our third capital raise,” President and CEO Raymond Lewis said in a statement.

“The additional proceeds we’ve raised increases our capital base to continue acquiring cannabis-use properties as we position ourselves as the preeminent sale-leaseback vehicle targeting both retail and industrial properties for the regulated adult-use and medical-use cannabis industry.”

The company said it plans to use the net proceeds to support new cannabis real estate acquisitions.

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Posted-In: Cannabis News REIT Markets Real Estate

 

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