Princeton REIT launching offer for up to 125M of common shares

Jessica Perry//April 30, 2013

Chambers Street Properties, a self-managed Maryland real estate investment trust in Princeton, announced Monday its intent to list its common shares on the New York Stock Exchange, effective on or about May 21.In addition, Chambers Street announced its intention to commence a modified “Dutch auction” tender offer to purchase up to $125 million of its common shares.

In an announcement, the REIT said it has invested approximately $3.2 billion in real estate, and has more than 247 million common shares issued and outstanding.