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NEW YORK CITY- Lehman Bros. Holdings Inc. has filed to take Denver-based multifamily developer Archstone public following a very public showdown with Equity Residential’s Sam Zell. SEC filings show that Lehman will raise $100 million in an IPO that will be used toward acquisitions and new developments in core markets such as Manhattan, Washington, DC, Southern California and Downtown Boston.

“We control a substantial pipeline of development projects in various stages of planning and construction,” said R. Scot Sellers, CEO of Archstone, in the filing. “Many of the projects in our development portfolio benefit from excellent locations in our core markets. Our locally based professionals possess extensive experience and broad-based networks that enable them to continue to source attractive development opportunities and successfully navigate local regulatory processes. We believe existing and future development opportunities will create significant value for the company going forward."

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