Business Context and Reporting Period
Company: NNN Healthcare/Office REIT, Inc. (Note: Request metadata referenced "Healthcare Realty Trust Inc," but the filing identifies the registrant as NNN Healthcare/Office REIT, Inc.)
Filing Type: Form 8-K (Current Report)
Date: January 11, 2007
Event: Regulation FD Disclosure regarding the completion of a minimum threshold in a public equity offering.
Key Financial Metrics
This filing reports on a specific capital raising event rather than periodic operating results. Key figures include:
- Shares Subscribed: 200,846 shares of common stock.
- Offering Proceeds: $2,004,030.
- Minimum Threshold Met: Exceeded the required 200,000 shares.
- Liquidity Status: Proceeds have been released from escrow and are available for property acquisition and other corporate purposes.
Note: The filing text does not provide values for revenue, profit, cash flow, margins, or total debt.
Material Changes
The primary material change is the successful closure of the minimum offering requirement for a public offering of up to 200,000,000 shares. The release of funds from escrow represents an immediate increase in available liquidity for the company.
Guidance, Outlook, and Risks
Management Commentary: The company announced the acceptance of subscriptions exceeding the minimum requirement, enabling the release of escrowed funds.
Use of Proceeds: Funds are designated for the acquisition of properties and other corporate purposes.
Risks and Contingencies: The filing does not explicitly detail new risks or contingencies beyond the standard disclosure that the press release information is not deemed "filed" under Section 18 of the Securities Exchange Act of 1934.
Investor Verification Checklist
- Verify the total number of shares subscribed (200,846) against the minimum requirement (200,000).
- Confirm the total dollar amount of proceeds released ($2,004,030).
- Review the attached press release (Exhibit 99.1) for details on the remaining capacity of the offering (up to 200,000,000 shares).
- Monitor future filings for the specific allocation of these funds toward property acquisitions.