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The following IPOs are expected to price this week:

American Assets Trust (AAT), a REIT with a multi-asset class portfolio of 20 properties primarily in CA and HI, plans to raise $500 million by offering 25 million shares at a price range of $19-$21. At the mid-point of the proposed range, American Assets Trust will command a market value of $1 billion. American Assets Trust, which was founded in 1967, booked $196 million in pro forma sales last year. The San Diego, CA-based company plans to list on the NYSE under the symbol AAT. BofA Merrill Lynch (BAC), Wells Fargo Securities (WFC) and Morgan Stanley (MS) are the lead underwriters on the deal.

Pacific Office Properties Trust (PCE), a Hawaii and California-focused REIT that owns 20 office properties, plans to raise $352 million by offering 44 million shares at a price range of $7.50-$8.50. At the mid-point of the proposed range, Pacific Office Properties Trust will command a market value of $443 million. Pacific Office Properties Trust, which was founded in 1972, booked $117 million in pro forma sales last year. The San Diego, CA-based company plans to list on the NYSE under the symbol PCE. Credit Suisse (CS), Wells Fargo Securities and Citi (C) are the lead underwriters on the deal.

Disclosure: No positions

Source: 2 REITS to IPO This Week