Office space: Polar Star Realty Trust files for a $100 million IPO
The REIT was formed to own office and industrial property in Norway and Sweden
Oct 16, 2014
Source : nasdaq.com
Commercial Office Space

 

Polar Star Realty Trust, a REIT formed to own office and industrial property in Norway and Sweden, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering.

The New York, NY-based company, which was founded in 1999 and booked $39 million in historical revenue for the 12 months ended June 30, 2014, plans to list on the NYSE under the symbol PSRT. Polar Star initially filed confidentially on February 7, 2014. FBR Capital Markets and Wunderlich Securities are the joint bookrunners on the deal. No pricing terms were disclosed.

 

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