San Diego-based IQHQ completed a second $1.7 billion equity raise from new and existing strategic partners. Supported by two rounds of financing, the life sciences real estate development company says it is well funded and positioned to pursue a dynamic development pipeline that includes an anticipated 4.4 million square feet of cutting-edge life science projects in Boston, San Francisco and San Diego.
The company notes the funding will also allow it to capitalize on a large and growing pipeline of high-quality life science real estate opportunities.
The raise includes a private placement financing to qualified institutional buyers under Rule 144A of the Securities Act of 1933 and project specific equity investments. The latest raise comes nine months after IQHQ’s completion of a $770 million initial capital raise.
Subsequently, IQHQ completed strategic acquisitions of major development sites and assets in thriving life science markets including Greater Boston, San Francisco and most recently in San Diego with the Research and Development District (The RaDD pictured).
Dennis Kaiser is Vice President of Content and Public Relations for
Connect Commercial Real Estate. Dennis is a communications
leader with more than 30 years of experience.
Email the Author
Reach over 250,000 Commercial Real Estate Professionals with Connect
Connect CRE reaches the top commercial real estate players nationwide and across all property types, offering you a variety of ways to showcase your team, your expertise and your brand to CRE decision makers.
The home for CRE news and everything you need to stay informed on deals, trends, and transactions, providing a platform to get your brand in front of your target audience.
Daily CRE Emails
Reaching over 150,000 inboxes across the nation every day, Connect’s Daily News emails provide advertising opportunities specific to your market.
Bi-Weekly Property Sector Emails
Focus your advertising on emails dedicated to your property sector and stay visible to current and potential clients.
Position your team as experts in your field with content created by Connect’s editorial team and published on Connect’s news emails. Showcase your intelligence and broaden your reach.