Real Estate

Aspire Real Estate Investors Sets Ipo Terms, To Be Valued At About $327M

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Aspire Real Estate Investors Inc. disclosed Friday that it has set terms for its initial public offering, in which the real estate investment trust formed to invest in and manage affordable workforce multifamily housing expects to raise about $300 million. The REIT is offering 15 million shares in the IPO, which it expects to price at $20.00. With 16.34 million shares expected to be outstanding after the IPO, the pricing values the REIT at about $326.8 million. The stock is expected to list on the NYSE under the ticker symbol "ASPI."

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