Schottenstein Realty Trust, a recently formed REIT led by retail magnate Jay Schottenstein that will own interests in 156 properties in 27 states, filed on Tuesday with the SEC to raise up to $518 million in an initial public offering. The Columbus, OH-based company booked $128 million in sales for the 12 months ended September 30 and plans to list on the NYSE under the symbol SCRT. Raymond James is the lead underwriter on the deal, for which pricing terms and timing were not disclosed.
