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Wheeler REIT Prices Public Offering

VIRGINIA BEACH, VA-The REIT is eying gross proceeds of about $11.8 million from the offering, which is expected to close on Aug. 26, 2013.

By Erika Morphy | Updated on August 22, 2013

VIRGINIA BEACH, VA-Wheeler REIT has announced pricing of a public offering it is planning of 2,750,000 common shares: the REIT will sell the units at $4.30 a pop, for gross proceeds of about $11.825 million. The offering is scheduled to close on Aug. 26, 2013.

Maxim Group LLC and Newbridge Securities Corp. are acting as joint book-running managers. National Securities Corporation is acting as lead manager of the offering. Capitol Securities Management and CV Brokerage are co-managers for the offering.

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