The locally based company is to be called GMH Communities Trust.This June, GMH filed an IPO to sell up to $250 million in commonstock, but no terms were detailed at the time. The current termswere set in an amended form, filed with the SEC on October 18. Theunderwriters will have an option to buy an additional 4.3 millionshares to cover over-allotments.

If the share price falls in the middle range of $14 per share,GMH Communities would have an initial market capitalization of$400.4 million with the possible addition of just over $60 millionfrom the sale of the over-allotment. According to the SEC filing,GMH expects net proceeds, after costs, of approximately $365million.

Also according to the filing, it plans to use $110.3 million toredeem New York-based Vornado Realty Trust's interests in thecompany, $144.8 million to fund the acquisition of nine studenthousing properties and two undeveloped land parcels, repay $32.5million of indebtedness to founder Gary M. Holloway, and for otheracquisitions and working capital.