One Liberty Properties, a real estate investment trust based in Great Neck, N.Y., has priced a public offering of 3.25 million shares of common stock at $18.25 per share.The managing underwriters for the offering are Friedman, Billings, Ramsey & Co.; Ferris, Baker Watts Inc.; and Stifel, Nicolaus & Co. The underwriters have been granted a 30-day option to buy up to 487,500 additional shares to cover any overallotments. The REIT manages a diversified portfolio of properties under long-term net leases. It can be found online at http://www.onelibertyproperties.com.
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