REIT Plans Stock Offering

Published July 16, 2003, 2:00 p.m. EDT

1 Min Read

Correctional Properties Trust, Palm Beach Gardens, Fla., has announced plans for a public offering of 3.0 million common shares of beneficial interest.The underwriters have been granted an option to buy up to an additional 450,000 shares to cover any overallotments. The sole book-running manager for the offering is Citigroup Global Markets Inc., and Banc of America Securities LLC is the co-manager. The real estate investment trust can be found on the Web at http://www.correctionalpropertiestrust.com.

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