Acadia Realty Trust (AKR) Announces Offering of 6M Common Shares
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Acadia Realty Trust Announces Offering of 6,000,000 Common Shares
January 8, 2024 4:02 PM ESTRYE, N.Y.--(BUSINESS WIRE)-- Acadia Realty Trust (NYSE: AKR) (Acadia or the Company) announced today that it has commenced an offering of 6,000,000 common shares. Acadia intends to grant the underwriters a 30-day option to purchase up to an additional 900,000 common shares.
Acadia intends to use the net proceeds from the offering for general corporate purposes, which may include funding future acquisitions, the repayment of outstanding indebtedness, working capital and other general corporate purposes.
J.P. Morgan and BofA Securities are serving as the underwriters for the... More
