Gadsden Growth Properties, a newly-formed REIT focused on distress or mismanaged commercial properties, filed on Thursday with the SEC to raise up to $58 million in an initial public offering.
The Scottsdale, AZ-based company was founded in 2016 and booked n/a in sales for the 12 months ended June 30, 2016. It plans to list on the NYSE under the symbol GADS. National Securities is the sole bookrunner on the deal. No pricing terms were disclosed.
