- Shopping center owner Brixmor Property Group (BRX) expects its IPO to price between $19 and $21 per share, raising about $790M at the midpoint. At the top of the range, the REIT would be valued at about $4.6B.
- Blackstone (BX) has been aggressively moving to unload/take public real estate assets, recently filing to take Hilton and Extended Stay America public as well.
- Brixmor has 521 shopping centers spanning the entire country, and are typically anchored by supermarkets.
- Earlier: Blackstone reports Q3 results.
Blackstone's Brixmor sets expected IPO range
Oct 17 2013, 07:41 ET