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  • Two REITs submit filings for IPOs despite Aviv's recent postponement 0 comments
    Nov 4, 2009 7:03 PM
    Chatham Lodging Trust, a recently organized company planning to operate as a REIT and invest in upscale branded hotels, filed today with the SEC to raise up to $230 million in an initial public offering. Both of today's IPO filings were in the real estate sector, which has been active recently in hopes of taking advantage of uninspiring market conditions. The Palm Beach, FL-based company, which was founded just last month and has yet to acquire any properties, plans to list on the NYSE. Barclays Capital is the sole underwriter on the deal. No pricing terms were disclosed.

    The two filings directly follow Aviv REIT's IPO postponement that was announced only yesterday. The company, which specializes in owning and acquiring skilled nursing facilities, cited poor market conditions as the primary reason behind shelving the deal.
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