This is an HTMLversion of an article that ran in RealEstate Forum. To see the story in its original format,click here.
In October 2013, Empire State Realty TrustInc., headed by Anthony E. Malkin,completed its IPO, the second largest of its kind in REIT historyand Time magazine's second most important IPO of 2013 (#1was Twitter). The offering included more than 82.2 million sharesof its class A common stock at a public offering price of $13.00per share, representing an interest in a portfolio that includesthe Empire State Building. In all, at the time of closing, EmpireState Realty Trust's portfolio totaled 8.4 million square feet,which through acquisitions on July 15, 2014, expanded to 10 millionsquare feet.
Malkin sat down with EY's Global Real Estate, Hospitality andConstruction Leader Howard Roth to discuss thepath to public status and the benefits shareholders are receivingas a result.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
