Real Estate/Development
Oct. 2, 1999
REITs sell preferred stock to raise capital
Palo Alto - Essex Property Trust Inc.'s September sale of $55 million in 9.25 percent Series E Cumulative Redeemable Preferred Units plants the REIT in the middle of a growing trend.
Palo Alto - Essex Property Trust Inc.'s September sale of $55 million in 9.25 percent Series E Cumulative Redeemable Preferred Units plants the REIT in the middle of a growing trend.
According to several recent reports, an increasing number of real estate investment trusts are raising money by selling preferred stock.
Though the September transaction occurred the day after five REITs each sold between $55 million and $75 million in preferred shares, six weeks ea...
According to several recent reports, an increasing number of real estate investment trusts are raising money by selling preferred stock.
Though the September transaction occurred the day after five REITs each sold between $55 million and $75 million in preferred shares, six weeks ea...
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