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Thursday, 11 January 2001

IRT Property Prepares $300 Mln in Mixed Securities Under Shelf

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January 12, 2001

(NewsTraders.com) –IRT Property Co. (NYSE:IRT) submitted paperwork today preparing $300 million in various types of securities for eventual sale.

Included in the REITs shelf registration are common and preferred stock, depositary shares, debt securities and warrants, according to a Form S-3 filing.

IRT must first obtain SEC approval to sell the securities, but the company indicated that when it eventually does sell the securities, it will use net proceeds to buy, maintain and develop properties, reduce debt, redeem or repurchase outstanding securities and for general corporate purposes.

Shelf filings permit companies to file blanket registrations covering various types of securities, so that such securities are available for sale as financing needs arise.

Shares of Atlanta-based IRT Property were recently unchanged at $8.44.


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Additional Info

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  • Subject: Regulatory Filings (SEC), REITS -general (REITS)
  • Company: iStar Financial Inc.
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Data Digest

 

CMBS DELINQUENCY VOLUME

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CMBS SPECIAL SERVICING VOLUME

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Top Bookrunners Domestic, Private-Label CMBS - 2017
Investment Bank #Deals Vol$mln MktShr%
Goldman Sachs 17.59 11,819.34 13.68
JPMorgan Securities 14.52 10,968.11 12.70
Citigroup 12.04 10,012.71 11.59
Wells Fargo Securities 14.02 9,936.06 11.50
Deutsche Bank 12.55 9,879.74 11.44

 

RCA CPPI

 

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CMBS 2.0 Spreads

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Top CMBS Loan Contributors - 2017
Lender #Loans Vol$mln MktShr%
Goldman Sachs 146.89 11,719.34 13.63
JPMorgan Chase Bank 117.68 10,114.14 11.76
Deutsche Bank 198.48 9,689.97 11.27
Morgan Stanley 166.18 8,539.78 9.93
Citigroup 199.05 8,088.24 9.41

 

 

 

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