American Residential prices IPO at $21, the low end of the range

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American Residential Properties, an internally managed REIT focused on leasing single-family residential properties, raised $288 million by offering 13.7 million units at $21, the low end of the range of $21 to $23. American Residential Properties plans to list on the NYSE under the symbol ARPI. Morgan Stanley, BofA Merrill Lynch, FBR Capital Markets and Jefferies acted as lead managers on the deal.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , IPOs

Referenced Stocks: ARPI

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