Dividend REIT Aims To Raise Billions For Warehouse Buys

Law360, New York (December 12, 2011, 1:37 PM EST) -- Dividend Capital Securities LLC has extended the initial public offering for its latest industrial real estate investment trust and filed for a $2 billion follow-on offering to build a nationwide platform of distribution warehouses, the trust announced Monday.

Industrial Income Trust Inc. has raised roughly $563 million in its two-year offering and opted to prolong the IPO past the Dec. 18 deadline in order to generate cash for more acquisitions. Since June 2010, the REIT has built a portfolio of roughly 117 warehouses in transactions totaling...
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