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ARCTRUST III Relaunches Private Offering

ARCTRUST III Relaunches Private Offering. Alternative investments, ARCTRUST, commercial real estate, CRE, Delaware statutory trust, investment, real estate
ARCTRUST III Relaunches Private Offering. Alternative investments, ARCTRUST, commercial real estate, CRE, Delaware statutory trust, investment, real estate

ARCTRUST III Inc., a private real estate investment trust sponsored by ARCTRUST, has expanded the size of its private placement offering by approximately $50 million to $180 million and resumed selling stock. The offering, which launched in 2018, raised more than $125 million before closing in April 2022.

The company says the additional stock will be sold to accredited investors for $10.83 per share. The offering had originally issued shares for $10 each, but the new price reflects the growth in the REIT’s valuation since 2018, according to the company, which also reports that the REIT has paid an uninterrupted annualized cash dividend of $0.55 per share.

“With recent credit tightening due to higher interest rates and other factors, real estate investments need alternative sources of capital. This provides a unique opportunity for an experienced sponsor like ARCTRUST III,” said chief executive officer James Steuterman. “We are very pleased to provide investors this continuation of our A3 offering, and we look forward to continuing to capitalize on market opportunities and provide shareholders an investment focused on growth and income.”

ARCTRUST III says it aims to focus primarily on joint venture developments. Property types include retail, residential, industrial, medical and self-storage. ARCTRUST III operates throughout the United States with a focus primarily on the New York to Florida corridor, as well as major metropolitan areas with international airports.

ARCTRUST is a 38-year-old real estate company that has been responsible for the development, acquisition and joint-venture funding of more than 500 properties with an aggregate value in excess of $5 billion.

For more ARCTRUST news, please visit their directory page.