NEW YORK – Perhaps in yet another sign that the medical office building (MOB) sector remains a viable and safe real estate investment choice, another real estate investment trust (REIT) concentrating on healthcare facilities is in the process of going public. Atlanta-based Richmond Honan Medical Properties Inc. recently announced its intention to raise up to $292.5 million in an initial public offering (IPO). The company is offering 19.5 million shares and expects to price them between $13 per share and $15 per share. The company would trade on the New York Stock Exchange (NYSE) under the symbol “MOB.” The underwriters have a 30-day option to buy up to 3 million more shares to cover excess demand. Should the sale proceed as expected, the company would experience net proceeds of about $287.5 million –
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