By Sheri Kasprzak
New York, Nov. 15 - Newkirk Realty Trust, Inc. said it completed a private placement for $50 million.
The company sold 3,125,000 shares at $16.00 each to First Union Real Estate Equity and Mortgage Investments.
The offering was conducted simultaneously with the company's initial public offering of 15 million shares on Nov. 7.
Based in Boston, Newkirk operates a real estate investment vehicle focused on commercial properties.
Issuer: | Newkirk Realty Trust, Inc.
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Issue: | Stock
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Amount: | $50 million
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Shares: | 3,125,000
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Price: | $16.00
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Warrants: | No
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Investor: | First Union Real Estate Equity and Mortgage Investments
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Settlement date: | Nov. 7
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Stock price: | $15.22 at close Nov. 7
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