CreXus Investment Corp., which annaly-backed REIT planning to invest in commercial real estate debt, will see its quiet period end on 10/26/09. On 9/16/09, the company raised $200.0 million by offering 13,333,330 shares at $15.00, at low end of the range of...read more
Ladder Capital Realty Finance, a newly-organized REIT that planned to invest in commercial real estate loans, postponed its IPO on Tuesday. It was the second consecutive mortgage REIT to postpone its IPO after Foursquare Capital postponed its deal last week. ...read more
Two newly formed mortgage REITs focused on commercial real estate, Colony Financial (CLNY) and Apollo Commercial (ARI), cut their proposed deal sizes in half on Wednesday morning. Colony Financial, which had planned to raise $500 million, now expects to...read more
CreXus Investment Corp., an Annaly-backed REIT planning to invest in commercial real estate debt, raised $200 million on Wednesday by offering 13.3 million shares at the proposed $15.00 price. Earlier in the day, the company cut the deal size by 60%, increased ...read more
CreXus Investment quiet period ends October 26
CreXus Investment Corp., which annaly-backed REIT planning to invest in commercial real estate debt, will see its quiet period end on 10/26/09. On 9/16/09, the company raised $200.0 million by offering 13,333,330 shares at $15.00, at low end of the range of...read more
Ladder Capital mortgage REIT postpones IPO
Ladder Capital Realty Finance, a newly-organized REIT that planned to invest in commercial real estate loans, postponed its IPO on Tuesday. It was the second consecutive mortgage REIT to postpone its IPO after Foursquare Capital postponed its deal last week. ...read more
Apollo and Colony REITs halve their IPO sizes
Two newly formed mortgage REITs focused on commercial real estate, Colony Financial (CLNY) and Apollo Commercial (ARI), cut their proposed deal sizes in half on Wednesday morning. Colony Financial, which had planned to raise $500 million, now expects to...read more
Annaly-backed REIT CreXus Investment Corp. prices downsized deal at $15.00
CreXus Investment Corp., an Annaly-backed REIT planning to invest in commercial real estate debt, raised $200 million on Wednesday by offering 13.3 million shares at the proposed $15.00 price. Earlier in the day, the company cut the deal size by 60%, increased ...read more