Monday, May 14, 2007

GlobeSt: Marathon Real Estate Files $200M IPO

Marathon filed their IPO papers with the SEC on Friday for a $200 million IPO and REIT classification. According to the linked 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.

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