Printer Friendly

PROPERTY TRUST OF AMERICA FILES PUBLIC OFFERING OF 6,300,000 SHARES OF BENEFICIAL INTEREST

 PROPERTY TRUST OF AMERICA FILES PUBLIC OFFERING OF 6,300,000
 SHARES OF BENEFICIAL INTEREST
 EL PASO, Texas, March 13 /PRNewswire/ -- Property Trust of America (NYSE: PTR) filed a registration statement today relating to a proposed public offering of 6,300,000 shares of beneficial interest.
 Of the planned offering, which will be made only by prospectus 5,000,000 shares will be offered through an underwritten offering managed by Merrill Lynch & Co., Goldman, Sachs & Co. and A.G. Edwards & Sons, Inc. Concurrently with the underwritten offering, 1,300,000 shares will be offered on a best efforts basis to PTR's largest shareholder and other PTR shareholders who are indirect owners of PTR's Advisor. PTR has granted the underwriters an option for thirty days to purchase up to an additional 750,000 shares.
 PTR is an equity real estate investment trust which acquires and develops multifamily properties in the southwestern United States.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. The press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 3/13/92
 /CONTACT: James H. Polk, president and CEO of Property Trust of America, 505-982-9292/
 (PTR) CO: Property Trust of America ST: Texas IN: SU: OFR


KD -- NY060 -- 7943 03/13/92 16:31 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 13, 1992
Words:286
Previous Article:PROVIDENCE HEALTH CARE REVAMPS BOARD
Next Article:UNIVISION BRINGS 'NOCHE DE CARNAVAL' HOME TO VIEWERS
Topics:


Related Articles
PROPERTY TRUST OF AMERICA ANNOUNCES OFFERING OF SHARES OF BENEFICIAL INTEREST; DECLARES DIVIDEND
PROPERTY TRUST OF AMERICA FILES PUBLIC OFFERING OF 5,500,000 SHARES OF BENEFICIAL INTEREST
HEALTH AND REHABILITATION PROPERTIES TRUST ANNOUNCES THE EFFECTIVENESS OF PUBLIC SALE OF 9 MILLION SHARES
PROPERTY TRUST OF AMERICA FILES PUBLIC OFFERING OF 8,000,000 SERIES A PREFERRED SHARES OF BENEFICIAL INTEREST
GLIMCHER REALTY TRUST INITIAL PUBLIC OFFERING OF COMMON SHARES OF BENEFICIAL INTEREST
HEALTH AND REHABILITATION PROPERTIES TRUST ANNOUNCES FILING OF REGISTRATION STATEMENT FOR THE PUBLIC SALE OF 7.5 MILLION SHARES
HEALTH AND REHABILITATION PROPERTIES TRUST ANNOUNCES SALE OF 601,500 SHARES BY EXERCISE OF UNDERWRITERS' OVER-ALLOTMENT OPTION
HEALTH AND REHABILITATION PROPERTIES TRUST ANNOUNCES THE EFFECTIVENESS OF PUBLIC SALE OF 9,000,000 SHARES
HEALTH AND REHABILITATION PROPERTIES TRUST FILING OF REGISTRATION STATEMENT FOR THE PUBLIC SALE OF 10 MILLION SHARES
HEALTH AND REHABILITATION PROPERTIES TRUST ANNOUNCES SALE OF 1,650,000 SHARES BY EXERCISE OF UNDERWRITERS' OVER-ALLOTMENT OPTION

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters