Four Springs Capital Trust, a commercial REIT with 48 properties across 21 states, filed on Wednesday with the SEC to raise up to $50 million in an initial public offering.
The Lake Como, NJ-based company was founded in 2012 and booked $16 million in revenue for the 12 months ended March 31, 2017. It plans to list on the NYSE under the symbol FSPR. RBC Capital Markets and SunTrust Robinson Humphrey are the joint bookrunners on the deal. No pricing terms were disclosed.
