Ginkgo Residential Trust, a REIT focused on acquiring and renovating mid-market apartments, filed on Monday with the SEC to raise up to $250 million in an initial public offering. The company previously traded on the AMEX as BNP Residential Properties. In August 2006, it was acquired for $766 million by Babcock & Brown, which filed for bankruptcy in 2009.
The Charlotte, NC-based company, which was founded in 1987, plans to list on the NYSE under the symbol GNKO. Baird is the lead underwriter on the deal.
