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Schottenstein Ready for an IPO

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The trend of new retail REITs coming on the public market in 2011 continues.

Schottenstein Realty Trust has just filed a notice with the SEC indicating the company is ready for an IPO. Schottenstein, which operates more than 100 shopping centers, looks to raise approximately $491 million through the transaction. It's pricing its shares between $14 and $16 apiece.

Schottenstein made a previous attempt at an IPO late last year, at a higher price, but never went through with the plan.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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