Latham, Venable Rep American Assets In $500M IPO

Law360, New York (September 13, 2010, 2:36 PM EDT) -- Real estate investment trust American Assets Trust Inc. on Monday filed with federal securities regulators for a $500 million initial public offering.

A preliminary prospectus filed with the U.S. Securities and Exchange Commission indicated that the commercial real estate company hoped to raise up to $500 million and apply for a listing on the New York Stock Exchange.

The San Diego-based REIT, the successor to American Assets Inc., will have a portfolio of 21 properties located in California, Hawaii and Texas. The company will wholly own...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.