Two REIT IPOs Off the Shelf
The Monday March 24, 2008 issue of the Wall Street Journal, reported that two REIT companies were shelving their stock offerings. In other words, they were issuing stock in phases not all at once. Those two companies are Med Properties Trust and Alexandria RE Equities. These two companies have shelf offering valued at $118 million and $220 million respectively.
It would seem to be a good sign that REITs can successfully go to the investment community in a recession-like economy.
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Mar.27.2008. 14:23
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