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REIT American Residential files for a $300 million IPO

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American Residential Properties, a REIT focused on single-family residential properties, filed on Friday with the SEC to raise up to $300 million in an initial public offering. The Scottsdale, AZ-based company, which was founded in 2008 and booked $3 million in revenue for the 12 months ended 12/31/2012, plans to list on the NYSE and has yet to announce a ticker. Morgan Stanley, BofA Merrill Lynch, FBR Capital Markets and Jefferies are the joint bookrunners on the deal. No pricing terms were disclosed.

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


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

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