United Realty Trust Launches IPO



NY38541LOGOThe real estate investment program United Realty Trust has just announced its initial public offering (IPO), following the sale of sufficient shares of its common stock valued at $0.01 per share, allowing it to break escrow and admit initial investors as stockholders for the first time.

United Realty Trust said that it’s IPO would encompass up to 100,000,000 shares of its common stock, and that the firm would continue to admit new investors on a daily basis until these are sold. For the first batch of 5,000,000 shares, these will be offered at the discounted rate of $10.45 per share, and once these are sold the remaining 95,000,000 shares will be offered at the price of $11.00. In addition to this stock, United Realty Trust is making another 20,000,000 shares available under its distribution reinvestment program for the lower price of just $9.50 per share.

The company announced that transactions will be dealt with by its representative stock broker Allied Beacon Partners, Inc., with primary shares being offered to interested investors on the basis of best efforts.

United Realty Trust stock looks to be a tempting investment, considering how successful the real estate investment program has been since its founding in 2011. The company already has significant holdings in a wide variety of property types, including multi-family homes, single-tenant properties, hospitality, offices, industrial and retail properties, among others, and will likely use the funding it attracts to further these investments.

For interested investors, note that the offering is only available by means of a prospectus, a copy of which can be had by contacting its partner Allied Beacon Partners on (888)-275-2279.

About Mike Wheatley

Mike Wheatley is the senior editor at Realty Biz News. Got a real estate related news article you wish to share, contact Mike at mike@realtybiznews.com.