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Business in the Burbs

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Acadia plans stock offering

April
13

Acadia Realty Trust, a real estate investment trust in White Plains that specializes in retail properties, said that it plans to issue 4.5 million common shares in an underwritten public offering. The company said that it plans to use net proceeds to reduce debt and for general corporate purposes, which may include future acquisitions and improvements to its properties.

This entry was posted on Monday, April 13th, 2009 at 3:47 pm by Jay Loomis. You can follow any responses to this entry through the RSS 2.0 feed.
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Business in the Burbs is our online news blog about businesses based or operating in the Lower Hudson Valley. Visitors here will also find items of interest to consumers in the region. Most contributions are from business reporters and editors covering Westchester, Rockland and Putnam counties.

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