BETHESDA, Md.--(BUSINESS WIRE)--Global Medical REIT Inc. (NYSE:GMRE) today announced that it has priced an underwritten public offering of 3,500,000 shares of its common stock, par value $0.001 per share, at a price to the public of $9.00 per share for gross proceeds of $31.5 million, before deducting underwriting discounts and commissions and offering expenses payable by the Company. The Company has also granted the underwriters a 30-day option to purchase an additional 525,000 shares of common stock. The Company intends to use the net proceeds from this offering to repay outstanding indebtedness under its amended and restated revolving credit facility, to fund acquisitions and for other general corporate purposes.

Stifel, Nicolaus & Company, Incorporated and BMO Capital Markets Corp. are acting as joint book-running managers for the offering.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these shares or any other securities in any state in which such offer, solicitation or sale would be unlawful, prior to registration or qualification under the securities laws of any state.

About Global Medical REIT Inc.

Global Medical REIT Inc. is a Maryland corporation engaged primarily in the acquisition of licensed, state-of-the-art, purpose-built healthcare facilities and the leasing of these facilities to strong clinical operators with leading market share. The Company’s management team has significant healthcare, real estate and public real estate investment trust (“REIT”) experience and has long-established relationships with a wide range of healthcare providers. The Company elected to be taxed as a REIT for U.S. federal income tax purposes commencing with its taxable year ended December 31, 2016.