Most investors on the private side, particularly those focused on the core gateway markets, should expect real estate prices to continue to remain flat.
Publicly-traded REITs raised $43.18 billion in the second quarter of this year.
The apartment REIT is being bought by a private investment consortium.
The new additions enter the market in a period when IPOs have been relatively quiet. Last year saw only three total IPOs.
The $23.05-a-share offer, which consists of $19.05 a share plus a $4.00 special dividend to be paid prior to the the deal’s completion, is about 13 percent more than Parkway’s closing price on June 29.
The number of REIT launches has been growing in recent weeks.