Quadra Realty Prices IPO

Published February 15, 2007, 3:00 p.m. EST

1 Min Read

Quadra Realty Trust Inc., a New York-based real estate investment trust, has priced an initial public offering of 16.67 million shares of common stock at $15 per share.Quadra said it invests in a diversified portfolio of commercial mortgage investments and related projects, including construction, mezzanine, and bridge loans, and fixed- and floating-rate whole loans, among others. The company has granted the underwriters an option to buy up to 2.5 million additional shares to cover any overallotments. The joint book-running managers for the IPO were Credit Suisse Securities (USA) LLC and Wachovia Capital Markets LLC. Quadra said its shares will trade on the New York Stock Exchange under the symbol QRR. The REIT can be found online at http://www.quadrarealty.com.

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