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Real Estate & Property Law

: Housing Wire

REIT Finds Capital in Preferred Stock, CMBS Offering

By AUSTIN KILGORE

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Storage rental real estate investment trust (REIT) Public Storage (PSA: 79.81 +2.31%) has found success financing its growth with perpetual preferred stock, company executives told group during a panel discussion at the UBS Global Real Estate Conference, held in London this week. The stock mechanism never matures, is fixed rate and insulates the company from bankruptcy [...]

Full post as published by Housing Wire on December 04, 2009 (boomark / email).

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