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August 16, 2005

Newkirk Files for IPO as Net-Lease REIT

By Michelle Napoli

Time to add another name to the growing roster of net-lease REITs: Newly formed Newkirk Realty Trust Inc., which plans a $460-million IPO and to qualify as a New York Stock Exchange-traded real estate investment trust. The price of the shares has not yet been disclosed, but the offering is being underwritten by Bear, Stearns & Co. and Credit Suisse First Boston.


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