Care Investment Trust, a recently formed REIT externally managed by CIT Group (NYSE: CIT) that invests in healthcare mortgage debt and real estate, priced its 15 million shares at $15.00 each on Friday morning, the low end of the proposed $15-$17 range. The company had originally filed to sell 18.75 million shares, but cut the size of its offering 20% to 15 million in an SEC filing on Thursday. The stock is expected to begin trading later on Friday on the NYSE under the ticker "CRE."
