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Aspire Real Estate Investors Inc. filed for an IPO of 15.0 million shares of its common stock, expected to be priced at $20.00 per share.
The offering comes with a 30-day option for the underwriters to acquire up to 2,250,000 additional shares.
Aspire mainly targets affordable and workforce multifamily properties in U.S. metropolitan areas and plans to qualify as the first publicly traded opportunity zone fund real estate investment trust listed on a national securities exchange. It has received approval to list its common stock on the NYSE...