American Mortgage Acceptance Co., a New York City-based multifamily real estate investment trust, has announced a public offering of 1.7 million common shares of beneficial interest at a price of $15 per share.AMAC said the net proceeds will total approximately $24 million. The underwriters, RBC Capital Markets and JMP Securities, have been granted a 30-day option to buy up to an additional 255,000 shares to cover overallotments. The REIT can be found on the Web at http://www.americanmortgageco.com.
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