It looks like the Blackstone Group is going ahead with its planned IPO for Brixmor Property Group, with expected gross proceeds of $750 million. Given the shopping center owner’s strong portfolio and potential for growth, it’s likely to attract plenty of investors, according to market analysts. But due to rising interest rates and Brixmor’s reliance on supermarket anchors, those investors will likely expect a built-in discount for Brixmor shares.
Register to view the full article
This article is part of our premium content subscription. You need to subscribe to gain access to premium content.
Why Register for NREIonline? It's simple and free, and here is what you get:
• Access to leading real estate industry research.
• Interactive rankings of commercial real estate professionals.
• Submit your own articles, (if approved) which will appear around the site.
Already a member? Log in.