This Week's IPO: Care Investment Trust

There is only one IPO on deck for this week: Care Investment Trust (CRE), a REIT focused on healthcare-related commercial mortgage debt and real estate, managed by the CIT Group (CIT).

All quotations are from the company's most recent S-1 filing with a link provided.

CARE INVESTMENT TRUST (CRE)
Business Overview (from prospectus)

We are a newly-organized, real estate investment and finance company formed principally to invest in healthcare-related commercial mortgage debt and real estate. We plan to provide financing to companies operating a full range of healthcare-related facilities, including skilled nursing facilities, hospitals, outpatient centers, surgery centers, senior housing, assisted living facilities, independent living facilities, continuing care retirement communities, medical office buildings, laboratories and other healthcare facilities. We primarily intend to provide mortgage financing secured by these healthcare facilities, including first lien mortgage loans, mezzanine loans, B Notes and construction loans. In addition, we intend to make opportunistic investments in healthcare real estate assets that are consistent with our investment guidelines, such as acquisitions of healthcare facilities.

Offering: 18.8 million shares at $15.00 - $17.00 per share. Net proceeds of approximately $276.7 million will be used to fund a portion of the purchase price for the contribution of the initial assets to the company, with the remainder of the net proceeds, if any, used for targeted investments and general corporate purposes.

Lead Underwriters: Credit Suisse, Merrill Lynch

Financial Highlights:

As of the date of this prospectus, we have not commenced operations... CIT Group (NYSE: CIT) [the REIT's manager] is a commercial and consumer finance company providing financing and leasing products and services to clients in a wide variety of industries around the world. Founded in 1908, CIT Group has a premium brand focused on providing clients with customized financial solutions based on a combination of financial, intellectual and relationship capital. CIT Group sources transactions through direct marketing efforts to borrowers, lessees, manufacturers, vendors, distributors and to end-users through referral sources and other intermediaries. As of March 31, 2007, CIT Group managed assets of $79.7 billion comprised of an owned loan and lease portfolio of $73.4 billion and a securitized portfolio of $6.3 billion. CIT Group also serviced over $3.0 billion of third-party assets under fee-based contracts as of March 31, 2007. CIT Group employed approximately 7,500 people as of March 31, 2007.