Silver Bay intends to elect and qualify to be taxed as a REIT.
FORBES: Silver Bay Realty Trust Corp. Announces Proposed Public Offering
Silver Bay intends to use the proceeds from the offering to purchase additional single-family properties in accordance with its acquisition strategy.
FORBES: Silver Bay Realty Trust Corp. Announces Proposed Public Offering
Silver Bay Realty Trust iled a registration statement with the Securities and Exchange Commission relating to a proposed initial public offering of its common stock.
FORBES: Silver Bay Realty Trust Corp. Announces Proposed Public Offering
Silver Bay intends to use the net proceeds of the offering to purchase additional single-family properties, to renovate such properties for rental to tenants and for working capital.
In addition, the underwriters will have a 30-day option to purchase from Silver Bay up to an additional 1, 987, 500 shares of common stock, at the initial public offering price.
Silver Bay will be externally managed by PRCM Real Estate Advisers, which is a joint venture between an affiliate of Pine River Capital Management and Provident Real Estate Advisors LLC, a private capital management firm.
FORBES: Silver Bay Realty Trust Corp. Announces Proposed Public Offering
Concurrently with the IPO, Silver Bay will engage in formation transactions through which it will acquire an initial portfolio of single-family residential properties from entities associated with Two Harbors and Provident in exchange for equity interests in Silver Bay.
FORBES: Silver Bay Realty Trust Corp. Announces Proposed Public Offering
In addition, Silver Bay has entered into contribution and merger agreements through which it will acquire, concurrent with the closing of the offering, an initial portfolio of more than 3, 100 single-family residential properties through entities associated with Two Harbors Investment, a publicly traded REIT (TWO), and Provident Real Estate Advisors LLC, a private capital management firm, in exchange for equity interests in Silver Bay or its operating subsidiary, or cash.
Aerial photographs often show this contemporary resort as a dramatic silver stingray nestled in a eucalyptus forest beside Great Oyster Bay.
应用推荐