Three real estate firms planning to invest in distressed commercial real estate are expected to go public this week. – More -
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IPOs for distressed property buyers depend on good timing:
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Market sources tell Real Estate Channel Starwood is among at least two dozen private-equity firms planning to form publicly traded REITs to buy or originate debt used to finance offices, retail centers and other real estate . Other recent offerings include those by Apollo Management LP and Colony Capital LLC. PennyMac Mortgage Investment Trust, established by former executives of Countrywide Financial Corp., has raised $335 million by selling shares, less than half of the … Read the rest here: New Starwood REIT Raises $810M; May Top Mead Johnson's Record $828 …
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New Starwood REIT Raises $810M; May Top Mead Johnson’s Record $828 …
