WASHINGTON, DC-Local REITs Chesapeake Lodging Trust and Washington Real Estate Investment Trust are in the process of raising $115.2 million and $300 million, respectively, via separate public offerings. Chesapeake Lodging Trust priced its public offering of 6.5 million common shares at of $18.50 per share, with the offering expected to close on September 18, 2012.

Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are the joint book-running managers and Robert W. Baird & Co. Incorporated, KeyBanc Capital Markets Inc., RBC Capital Markets, LLC, and JMP Securities LLC, co-managers. The REIT intends to use the net proceeds of the offering to repay borrowings under its revolving credit facility and for general corporate purposes, including the acquisition of hotels.

Earlier this week WRIT priced an underwritten public offering of $300 million of senior unsecured notes due October 15, 2022. The notes have an annual coupon rate of 3.95% and were priced at 99.438% of the principal amount. Their sale is expected to close on September 17, 2012. WRIT is using the net proceeds to repay borrowings under its lines of credit and the remainder for general corporate purposes. J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Wells Fargo Securities, LLC and Credit Suisse Securities (USA) LLC are the joint book-running managers and Merrill Lynch, Pierce, Fenner & Smith Incorporated, Raymond James & Associates, Inc., Stifel, Nicolaus & Co. and SunTrust Robinson Humphrey, Inc. are senior co-managers.