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WASHINGTON, DC-DuPont Fabros Technology, a locally-based REIT, is going down a well-trodden path for property trusts these days: the company is tapping the public markets for capital in order to expand its operations. The REIT was co-founded by Lammot J. du Pont and Hossein Fateh.

The company has begun an underwritten public offering of 11 million shares of common stock. The joint book-running managers for this offering are KeyBanc Capital Markets, Raymond James, Macquarie Capital, RBC Capital Markets and Jefferies & Company. The company expects to grant the underwriters a 30-day option to purchase up to an additional 1.65 million shares of common stock to cover overallotments, if any.

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