Acadia Realty Trust Announces Offering of Common Shares

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Go back to Acadia Realty Trust Announces Offering of Common Shares

Acadia Realty Trust (AKR) Prices 3.6M Stock Offering for Proceeds of ~$124.9M

April 5, 2016 7:02 AM EDT

Acadia Realty Trust (NYSE: AKR) announced the pricing of a public offering of 3,600,000 of the Companys common shares of beneficial interest (the Common Shares) on a forward basis in connection with the forward sale agreement described below, which will result in approximately $124.9 million of gross proceeds (assuming such forward sale agreement is physically settled in full based on the offer price to the public per share of $34.70) before any underwriting compensation and offering expenses. The offering is expected to close on or about April 8, 2016, subject to customary closing conditions. The underwriters have been... More