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Office REIT Priam Properties files for a $100 million IPO

May 23, 2019
PRMI

Priam Properties, a newly-formed REIT focused on office properties in the Midwest and Southeast, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering.

The Nashville, TN-based company was founded in 2018 and plans to list on the NYSE under the symbol PRMI. Priam Properties filed confidentially on September 7, 2018. It had been on our Private Company Watchlist since March 2019. BofA Merrill Lynch, Baird and RBC Capital Markets are the joint bookrunners on the deal. No pricing terms were disclosed.