Verde Realty, a REIT specializing in multifamily rental properties and industrial distribution facilities, filed on Friday with the SEC to raise up to $300 million in an initial public offering. The El Paso, TX-based company, which was founded in 2003 and booked $94 million in sales over the last 12 months, plans to list on the NYSE under the symbol VRE. Goldman Sachs, BofA Merrill Lynch, and Wells Fargo Securities are the lead underwriters on the deal. Pricing terms and timing were not disclosed. Verde Realty was the fourth company to submit its initial filing today; others include Motricity (MOTR), Everyday Health (EVDY) and Ryerson Holding (RYI).
