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New Jersey REIT Reverse Mortgage Pulls $100M IPO


Law360, New York (November 29, 2017, 3:08 PM EST) -- Reverse Mortgage Investment Trust Inc., a New Jersey-based real estate investment trust that originates and services reverse mortgage loans, on Wednesday withdrew an estimated $100 million initial public ...


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Make sure you don't miss any Law360 breaking news. Download our plug-in for Chrome to get customizable, real-time news alerts ArticleID = 989265 New Jersey REIT Reverse Mortgage Pulls $100M IPO By Tom Zanki Law360, New York (November 29, 2017, 3:08 PM EST) -- Reverse Mortgage Investment Trust Inc., a New Jersey-based real estate investment trust that originates and services reverse mortgage loans, on Wednesday withdrew an estimated $100 million initial public offering that it filed in 2014, making it the latest issuer to delay or cancel an IPO. Bloomfield, New Jersey-based Reverse Mortgage did not elaborate on the reasons for its withdrawal, telling the U.SSecurities and Exchange Commission: “The company has determined not to pursue a public offering of the securities covered by the registration statement at this... To view the full article, register now. Try Law360 FREE for seven days Already a subscriber? Click here to login Add to Briefcase Printable Version Rights/Reprints Editorial Contacts Related Sections Capital Markets New Jersey Real Estate Law Firms Clifford Chance Hunton & Williams Companies Barclays Capital Inc. Credit Suisse Group AG FBR Capital Markets Corporation Nomura Holdings, Inc. Renaissance Capital UBS AG Wells Fargo & Co. Government Agencies Federal Housing Administration Securities and Exchange Commission Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law. Listen To Our Latest Most Popular 1 3 Ways To Drive Clients Out The Door 2 Judge Blames Uber Deputy GC For Waymo IP Trial’s Delay 3 More Firms Follow Cravath’s Lead On Associate Bonuses 4 4 Key Moments From The High Court’s Oil States Arguments 5 Matt Lauer Canned By NBC After Sexual Misconduct Report

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