Jones Lang LaSalle is looking to raise up to $3 billion in a stock offering for one of its non-listed real estate investment trusts. According to documents filed with Securities and Exchange Commission, JLL Income Property Trust is looking to sell four classes of common stock with prices ranging from $11.82 to $12.14. The company plans to use the funding to grow its portfolio, pay back loans and fund its share repurchase plan. JLL estimates […]
source https://therealdeal.com/2018/07/03/jll-sets-3b-fundraising-goal-for-reit/
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