AmREIT, a full service real estate investment trust that owns and operates neighborhood and community shopping centers, plans to raise $51 million by offering 3.4 million shares at a price range of $14 to $16.
The company filed an initial public offering with the SEC that is expected to price this week, according to Renaissance Capital.
AmREIT, a Houston-based company founded in 1993, booked $39 million in sales over the last 12 months and plans to list on the New York Stock Exchange under the symbol AMRE. Jefferies & Co. and Baird Capital Partners are the joint bookrunners on the deal.
It was previously listed on the American Stock Exchange, trading under the ticker “AMY”. In 2008, the company announced its intention to have its stock de-listed and become a private corporation.
