A real estate investment trust (REIT) with a portfolio of properties that includes the Empire State Building made its debut as a publicly traded company today after raising $929.5 million in an initial public offering — the second-biggest ever for a U.S. REIT, Bloomberg News reports.

Empire State Realty Trust Inc. sold 71.5 million shares at $13 each Tuesday, and climbed 2.5 percent in early trading today. Source: bloomberg.com

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
We're here to help. Free 90-day trial for new subscribers.Click Here×