08.04.2011 - Real estate IPOs may be limited by REIT acquisitions, AvalonBay CEO says
Initial share sales by property owners may be limited this year as publicly traded real estate investment trusts acquire companies that planned to list stock, said Bryce Blair, head of AvalonBay Communities Inc. (AVB) Well see far fewer IPOs than people think, Blair, chairman and chief executive officer of Arlington, Virginia- based AvalonBay, said today at a conference in Manhattan. Its going to be more private selling to existing public, than private to public.............................................Full Article: Source
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