First Potomac Realty Trust, Bethesda, Md., has announced that its operating partnership, First Potomac Realty Investment LP, has priced an offering of $110 million aggregate principal amount of exchangeable senior notes.First Potomac, a real estate investment trust, said the five-year, 4.0% notes will have an initial exchange rate of 27.6855 common shares per $1,000 principal amount of the notes, representing an exchange price of approximately $36.12 per share. First Potomac can be found online at http://www.first-potomac.com.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry