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.