Clifford Chance, Skadden Guide Zais REIT's $140M IPO

Law360, New York (January 9, 2013, 6:56 PM EST) -- Zais Group LLC's real estate investment trust unit focused on residential mortgage-backed securities is planning a $140 million initial public offering, according to a Wednesday regulatory filing.

Betting on an increasingly privatized RMBS sector, Zais Financial Corp. said it expected its expertise in securities not backed by Fannie Mae or Freddie Mac would allow it to take advantage of new opportunities as legislators push the agencies to sell off tranches of loans, a filing with the U.S. Securities and Exchange Commission said.

“We expect this process...
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