Financing ·
Acadia Realty Trust and its operating partnership entered into an underwriting agreement and forward sale agreements…
AKRAcadia Realty Trust
Acadia Realty Trust and its operating partnership entered into an underwriting agreement and forward sale agreements with several underwriters and forward purchasers to offer and sell 9,000,000 common shares of beneficial interest. Assuming full physical settlement at an initial forward sale price of $21.80 per share, the company expects to receive net proceeds of approximately $195.6 million to $225.0 million. The proceeds will be used to fund acquisition opportunities or general corporate purposes. Acadia Realty Trust is a real estate investment trust operating in the retail real estate sector.