UNLOCK THE POWER OF THE VAULT

REIT Legal Expert Sees Challenging IPO Market

June 11, 2019

REIT Legal Expert Sees Challenging IPO Market

May 22, 2019 | Sarah Borchersen-Keto | Reit.com

The REIT market has seen just a single initial public offering (IPO) this year, and signs are pointing to a dearth of activity for the remainder of 2019, according to Justin Salon, REIT practice co-chair at law firm Morrison & Foerster LLP.

“Typically, you have a handful. To have just one as we sit here almost at June is certainly a downturn in the market,” Salon said. While Morrison & Foerster currently has two IPOs in registration, generally “we’re not seeing a whole lot…we may see a couple this year,” he added.

Postal Realty Trust, Inc. (NYSE: PSTL), a REIT that owns and manages properties leased to the United States Postal Service (USPS), listed on the New York Stock Exchange on May 15.

Read Full Article

Print Friendly, PDF & Email
Go Back
Second Annual Blue Vault Broker Dealer Educational Summit 2016
Broker Dealer Educational Summit 2016
May 30, 2016

The time (at Blue Vault's 2nd Annual Broker Dealer Educational Summit) proved extremely informative.