Commercial Net Lease Realty Inc., a real estate investment trust based in Orlando, Fla., has priced a public offering of 5.6 million shares of its common stock at $18 per share.The net proceeds totaled $95.6 million, the REIT said. Citigroup Global Markets is acting as the sole book-running manager, with Wachovia Securities as co-lead manager. The REIT invests in single-tenant retail, office, and industrial properties subject to long-term net leases. It can be found online at http://www.cnlreit.com.
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OceanFirst Financial worked with an asset manager to apply the structure to a $1.5 billion portfolio of residential mortgages.
30m ago -
President Dhivya Suryadevara is leaving the company shortly after assuming the job, the latest move as the company attempts to recover from an earnings slump.
1h ago -
Counter to prevailing narratives about rules and enforcement activity whipsawing from one administration to the next, public citations by federal banking regulators have steadily declined over the past decade — under both Democratic and Republican administrations.
9h ago -
Flatworld Mortgage Solutions says its former vice president breached his employment agreements by soliciting its customers as he formed a rival offshoring firm.
July 7 -
The HomeSafe Second product is now available in more than one third of all states, according to the reverse mortgage specialist.
July 7 -
The Department of Housing and Urban Development agreed to do more to manage due-and-payable obligations contingent on the availability of certain resources.
July 7







