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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 (NYSE:BAC), Wells Fargo Securities (NYSE:WFC) and Morgan Stanley (NYSE: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 (NYSE:CS), Wells Fargo Securities and Citi (NYSE:C) are the lead underwriters on the deal.

Disclosure: No positions

Source: 2 REITS to IPO This Week