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Acadia Realty Trust Announces Public Offering Price Of 3.0 Million Common Share Offering

Friday, 26 Oct 2012 08:00am EDT 

Acadia Realty Trust announced that the public offering price for the 3,000,000 shares of beneficial interest of the Company (Shares) previously sold to Barclays, the sole underwriter of the offering, is $25.20 per share, for total gross proceeds (before deducting the underwriter`s compensation and other estimated offering expenses) of approximately $75.6 million. Barclays served as sole underwriter for the offering. The Company has also granted the underwriter an option to purchase up to 450,000 additional Shares. The offering was made pursuant to the Company's effective shelf registration statement and settlement is expected to occur on or about October 31, 2012. The Company intends to use the net proceeds from the sale of the Shares primarily for future acquisitions as well as general corporate purposes. 

Company Quote

-0.13 -0.45%
21 Jul 2014