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Economy Watch - CRE Buying Opportunities: Not as Many as Anticipated PDF Print E-mail
Tuesday, 29 September 2009 07:21
REIT IPOs may have been the big thing this summer in commercial real estate finance, but there are signs that the party is cooling off. Namely, both Apollo Commercial Real Estate Finance Inc. and Colony Financial Inc., which specialize in mortgage holdings, cut their IPOs in half on Wednesday, according to filings with the SEC. Apollo now plans to sell 10 million shares instead of 20 million, while Colony reduced its offering from 25 million shares to 12.5 million.




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