VIRGINIA BEACH, VA-Wheeler REIT has announcedpricing of a public offering it is planning of 2,750,000 commonshares: the REIT will sell the units at $4.30 a pop, for grossproceeds of about $11.825 million. The offering is scheduled toclose on Aug. 26, 2013.

Maxim Group LLC and Newbridge Securities Corp. are acting asjoint book-running managers. National Securities Corporation isacting as lead manager of the offering. Capitol SecuritiesManagement and CV Brokerage are co-managers for the offering.

Since it went public last year, Wheeler REIT has been steadilyadding to its portfolio. For its first quarter earnings, the REITnoted its portfolio occupancy was 94% and that it had inked acontract to purchase Bixby Commons, a 75,000 square foot retailproperty in Bixby, OK, for $10.6 million.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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