| Eldertrust, Inc. | |||
| Ticker: | ETT | 415 McFarlan Road, Suite 202 | |
| Exchange: | NASDAQ-National Market | Kennett Square, PA 19348 | |
| Industry: | Financial (SIC Code 6798) | (610) 925-0808 | |
| Type of Shares: | Shares of Beneficial Interest | Filing Date: | 10/8/97 | |
| U.S. Shares: | 6,050,000 | Offer Date: | 1/26/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $19.00 - $21.00 | |
| Primary Shares: | 6,050,000 | Offer Price: | $18.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.17 | |
| Offering Amount: | $121,000,000 | Selling: | $0.65 | |
| Expenses: | $0 | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| Merrill Lynch & Co. | Lead Manager | (212) 449-4600 |
| BT Alex Brown | Co-manager | (410) 727-1700 |
| Goldman, Sachs & Co. | Co-manager | (212) 902-5959 |
| Issuer's Law Firm: | Hogan & Hartson |
| Bank's Law Firm: | Brown & Wood |
| Auditor: | KPMG Peat Marwick |
| Registrar/Transfer Agent: | ChaseMellon Shareholder Services, L.L.C. |
| Business Description |
| The company is a real estate investment trust, (REIT). The company plans to invest in an initial portfolio of 21 assisted and independent living facilities, skilled nursing facilities and medical office and other buildings, plus term mortgage loans. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to acquire certain of the initial properties and substantially all of the economic interest in the Florida Facilities Note, to fund Term Loans and Construction Loans, to repay mortgage indebtedness secured by certain of the Initial Properties and Lease-up Assisted Living Facilities and for working capital and for general corporate purposes. |