Skadden Aids Select REIT On $230M IPO

Law360, New York (December 23, 2011, 3:30 PM EST) -- A newly formed subsidiary of commercial real estate investment trust Commonwealth REIT has registered for a $230 million initial public offering for investment in a portfolio largely dedicated to properties in Hawaii, Commonwealth announced late Thursday.

Select Income REIT registered for an IPO at the U.S. Securities and Exchange Commission on Thursday, seeking to raise as much as $230 million which will be used to repay Commonwealth $400 million for the 253 properties the parent company transferred to the new trust, according to the filing....
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