If the first couple of weeks of January are any indication, 2011 may be an active year for REIT initial public offerings. After a mixed performance in 2010, the question is how many of the IPOs will successfully get off the ground without delay or termination. Retail and office owner American Assets Trust, along with West Coast office landlord Pacific Office Properties Trust, Inc., both based in San Diego, are scheduled to launch IPOs on Thursday…
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First REIT IPOs of 2011 To Debut This Week
SAN DIEGO, Feb. 9, 2010 (GLOBE NEWSWIRE) — Priority Capital Group and Pacific Office Properties Trust, Inc. (NYSE Amex:PCE) today announced commencement of the public offering of $400 million of Pacific Office senior common stock. The senior common stock, priced at $10 per share, offers a cumulative dividend of 7.25%, declared daily and paid monthly, plus the potential for dividend increases that are triggered by increases in the Pacific Office listed common stock dividend.
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Priority Capital Group Announces Pacific Office Properties Senior Common Stock
