Company seeks to raise $33.5 million via JOBS Act Reg A+
Offering creates opportunity for Individual investors to own a portion of the iconic St. Regis Aspen Resort
St. Regis Aspen Resort - Aspen, Colorado (Photo: Business Wire)
NEW YORK--(BUSINESS WIRE)--Aspen REIT, Inc. (the “Company”), a newly-formed, single-asset real estate investment trust (“REIT”), today announced that it has filed a Form 1-A with the Securities and Exchange Commission (“SEC”) to launch a Regulation A+ initial public offering (“IPO”) to raise approximately $33.5 million in gross proceeds. The Company intends to use most of the net proceeds from IPO, together with equity in the Company’s subsidiary operating partnership, to acquire a 100% indirect interest in the Property.
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