Wednesday, January 20, 2010

Latest REIT S-11 filings (Halvern, Chesapeake, Callahan Capital)

Three new amended S-11's filed today; all equity REITs.
  1. Halvern Realty files an updated S-11. Halvern is trying to "acquire, own and manage a portfolio of office properties which will be located in Southern California."
  2. Chesapeake Lodging Trust files an updated S-11 reducing the proposed offering by 40%. The company is now offering 7.5 Million shares of Beneficial Interest ($20/sh) down from 12.5 million. I am a bit surprised at this since Chesapeake has some built in sponsorship from Hyatt Hotels (H), which I would expect to be attractive to pre-IPO investors.
  3. Callahan Capital Properties files an updated S-11 discussing plans to "acquire, own, lease, redevelop and manage a portfolio consisting primarily of Class A office properties" to be located in Boston, greater Los Angeles, New York City, San Francisco, Seattle and Washington, D.C

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