Quadra Realty Trust, a newly-formed REIT that is managed by Hypo Real Estate Capital Corporation, set the terms for its IPO on Friday. The New York-based company plans to offer 16.7 million shares at a range of $15-$17, giving it a proposed market cap of $410 million. Credit Suisse and Wachovia are managing the deal which is expected to price during the week of February 12th.
