Newkirk Realty Trust Inc., a Boston-based real estate investment trust, has announced the pricing of an initial public offering of 15 million shares of common stock at $16 per share.Newkirk said the joint book-running managers for the IPO are Bear, Stearns & Co. and Credit Suisse First Boston. The underwriters have been granted an option to buy up to 2.25 million additional shares to cover any overallotments. The REIT is the general partner of The Newkirk Master Limited Partnership, which owns triple-net-leased properties and other real estate assets.
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The San Diego company was back in the black with a net income of $28.5 million in the first quarter of 2024, up from a net loss of $93 million the previous quarter.
6h ago -
The agreements at the heart of the hearing did not cover the one reached with the National Association of Realtors or those people that only bought homes.
6h ago -
Feds say Chicago businessman Mark Steven Diamond defrauded at least 80 victims and caused at least $6 million in losses.
7h ago -
Fannie Mae's tool, used by originators to determine income levels for self-employed borrowers, aims to help them avoid potential underwriting errors, the government-sponsored enterprise said.
8h ago -
The 30-year fixed rate mortgage fell for the first time in six weeks as the Federal Open Market Committee meeting outcome is finally priced in.
11h ago -
The home purchase market right now is healthier than it was last year, said CEO Mat Ishbia, noting a 24% increase in volume over the recent period compared to Q1 2023.
May 9