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Office REIT Younan Properties files for $575 million IPO

April 9, 2010
YPI

Younan Properties, a REIT with 35 Class-A office properties in Dallas-Fort Worth, Chicago, Houston, Phoenix and LA, filed on Friday with the SEC to raise up to $575 million in an initial public offering. The Woodland Hills, CA-based company, which began operations in 1998 and booked $190 million in sales last year, plans to list on the NYSE under the symbol YPI. BofA Merrill Lynch, Citi and Credit Suisse are the lead underwriters on the deal, for which pricing terms and timing were not disclosed.