New York-listed WP Carey has announced that its latest listed real estate investment trust is seeking to raise $1 bn (€771 mln) in a share offer.
New York-listed WP Carey has announced that its latest listed real estate investment trust is seeking to raise $1 bn (€771 mln) in a share offer.
The firm's latest publicly registered non-traded REIT, Corporate Property Associates 18 - Global, is selling up to $1 bn of Class A and Class C shares, with initial public offering prices of $10 and $9.35.
CPA 18 - Global will use the proceeds to build a global portfolio of income-generating commercial properties and real estate-related assets.
WP Carey is a sale-and-leaseback and build-to-suit financing specialist active worldwide.
