Maguire Properties Inc., a Los Angeles-based real estate investment trust, has priced a public offering of 9 million shares of 7.625% series A cumulative redeemable preferred stock at a liquidation-preference price of $25 per share.The offering was led by Citigroup Global Markets Inc.; Friedman, Billings, Ramsey & Co.; and Wachovia Securities. The underwriters have been granted an option to buy up to 1 million additional shares to cover any overallotments, Maguire said. The REIT can be found online at http://www.maguireproperties.com.
LA REIT Prices Preferred Stock
January 16, 2004, 3:00 p.m. EST 1 Min Read
