Davis Polk advised the forward purchasers and forward sellers in connection with an at-the-market forward underwriting program for the offer and sale of shares of common stock of VEREIT, Inc. from time to time having an aggregate offering price of up to $1.5 billion.
VEREIT is a full-service real estate operating company that owns and manages single-tenant commercial properties in the United States. VEREIT possess a wide range of operating capabilities that include property management, asset management, leasing, finance, acquisitions and dispositions. VEREIT maintains a broad and diverse portfolio across several asset types, including single-tenant retail, restaurant, office and industrial real estate assets.
The Davis Polk equity derivatives team included partner Mark J. DiFiore and associate Danielle Forni. All members of the Davis Polk team are based in the New York office.