More Nontraded REITs Skipping IPOs, Merging To Go Public
Law360, New York (January 31, 2013, 8:27 PM EST) -- Investor appetite for stable assets and returns is continuing to boost demand for real estate investment trusts to list on the public market, but attorneys predict that more and more non-exchange-traded REITs may skip the initial public offering and list through mergers with public REITs.
REITs have consistently outperformed projections over the last several years, and many that were created years ago as non-exchange-traded trusts are ready to exit their private structures and create some liquidity without the necessity of raising additional funds through an IPO, which Proskauer Rose LLP real estate capital markets and finance partner Peter Fass says is...
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