Public Event Detail
Acadia Realty Trust Announces Offering of 9,000,000 Common Shares
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Event summary
Acadia Realty Trust (NYSE: AKR) announced an underwritten public offering of 9,000,000 common shares, with an option for underwriters to purchase an additional 1,350,000 shares. The company will enter into forward sale agreements with financial institutions and intends to use the net proceeds from these agreements to fund acquisition opportunities and/or for general corporate purposes, including debt repayment. The offering is being made through a prospectus supplement as part of an effective shelf registration statement.