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Priam Properties Filed, US Offering, Removed, NYSE American: PRMI

Newly-formed REIT focused on office properties in the Midwest and Southeast.

Industry: Real Estate

Latest Trade: ()

First Day Return:

Return from IPO:

Industry: Real Estate

We are a newly formed, self-administered and self-managed real estate investment company focused on acquiring, improving, owning and managing multi-tenant office properties in high-growth urban nodes within target markets in the Midwest and Southeast United States. We intend to elect to be taxed and to operate in a manner that will allow us to qualify as a REIT for federal income tax purposes commencing with our short taxable year ending December 31, 2019. We developed our urban node investment strategy, which our management team has been executing since 2014, to address shifting demographic trends affecting office properties with a particular focus on Millennials. We believe Millennials are increasingly relocating away from major markets in search of living and working environments that provide access to the modern urban amenities that major markets offer while also providing a high quality of life and lower cost of living. We believe multi-tenant office properties in high-growth urban nodes represent the most compelling risk-adjusted opportunity to benefit from the changing priorities and preferences of the Millennial workforce and the employers who seek to recruit and retain them.
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IPO Data
IPO File Date 05/22/2019
Offer Price
Price Range n/a
Offer Shares (mm) n/a
Deal Size ($mm) $171
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date
Offer Price
Price Range n/a
Offer Shares (mm) n/a
Deal Size ($mm) $171
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
D.A. Davidson
Company Data
Headquarters Nashville, TN, United States
Founded 2018
Employees 10
Website www.priamproperties.com

Priam Properties (PRMI) Performance