CBRE Realty Finance, a commercial real estate specialty finance company managed by a subsidiary of CB Richard Ellis, announced a change in the terms for its IPO on Tuesday. The company now plans to offer 10 million shares at a range of $15-$17, down from 12.5 million shares as announced last week. The new share count gives the deal a proposed market cap of $467 million. Credit Suisse, Deutsche Bank, Citigroup, Wachovia and JMP Securities are set to manage the deal. Timing has yet to be announced.
