Real Estate Trust Makes Public Offering
May 22, 2008
Washington Real Estate Investment Trust has elected to make a public offering of 2.6 million common shares of stock - and is doing so by making them available at a 2% discount to entice persons wishing to invest in the real estate market.
Washington Real Estate Investment Trust currently has 46.7 million common shares outstanding. They intend to use the proceeds raised from the stock sale to repay some of their current debt service.
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Real Estate Quote of the Week
"I often hear remarks from agents like, “the bank sold that house really cheap - 30% below market value”. I don’t agree with that kind of statement. If various banks are the only sellers selling in an area and they are selling all of their houses at a perceived “below market” sales price - perhaps that IS the market for that product in that area. A good price fixes any of the various bad conditions. There is no good reason to take (or keep) a listing that isn’t going to sell."
Russell Shaw - in AgentGenius from Phoenix AZPolls
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