Search
 

Offering Salvation

The effective shutdown of the capital markets has led to a wave of IPOs over the past 18 months as companies look to the public markets as a means to…

By Sule Aygoren Carranza - Editor of Real Estate Forum. | Updated on May 01, 2010

The effective shutdown of the capital markets has led to a wave of IPOs over the past 18 months as companies look to the public markets as a means to raise funds. Both private and public commercial real estate players are putting out offerings for a variety of reasons, ranging from paying down debt to going after investment opportunities.

Even those in a distressed scenario are looking at the public markets as a way to alleviate their debt burden. Take, for instance, beleaguered real estate developer Kent Swig, who owes some $50 million to several parties due to a number of failed projects. According to reports, the Swig Equities president is looking to pool some of his properties into a REIT, give some shares to his creditors and lenders and take it public. He has hired FBR Capital Markets and Inlet Capital Management to respectively underwrite and advise on the restructuring, which must still be approved by the creditors.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.