Marathon filed their IPO papers with the SEC on Friday for a $200 million IPO and REIT classification. According to the linked GlobeSt.com story, the company controls assets totaling about $1.3 billion, including $886 million of assets financed in a CDO. More than 50% of their portfolio is in New York or California. About 25% is in hospitality and about 23% is in office.
Credit Suisse and Lehman are the underwriters.