Published:
CBRE Realty Finance, Inc. Files $300 Million Shelf Registration Statement
HARTFORD, Conn., May 16 /PRNewswire-FirstCall/ -- CBRE Realty Finance,
Inc. (NYSE: CBF) today announced that it has filed a primary shelf
registration statement with the Securities and Exchange Commission (the "SEC")
for the offering and sale from time to time of up to $300 million of equity
securities. The timing of any such offering or sale will be determined by
management based on their evaluation of business and market conditions, among
other factors. The nature and terms of any securities to be offered and sold
under the registration statement will be established at the time of sale and
will be described in related prospectus supplements to be filed with the SEC
from time to time.
Kenneth J. Witkin, president and chief executive officer, commented, "As
we indicated in November 2007, we are moving forward with our shelf
registration. While we have no near term intention to issue the equity off
the shelf, we believe it will provide us with flexibility to access the public
equity capital markets at such times as we deem appropriate."
The registration statement relating to these securities has been filed
with the SEC but has not yet become effective. These securities may not be
sold nor may offers to buy such securities be accepted prior to the time the
registration statement becomes effective. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy these
securities nor shall there be any sale of these securities in any jurisdiction
in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of such jurisdiction.
About CBRE Realty Finance, Inc.
CBRE Realty Finance, Inc. is a commercial real estate specialty finance
company primarily focused on originating, acquiring, investing in, financing
and managing a diversified portfolio of commercial real estate-related loans
and securities. CBRE Realty Finance has elected to qualify to be taxed as a
real estate investment trust, or REIT, for federal income tax purposes. CBRE
Realty Finance is externally managed and advised by CBRE Realty Finance
Management, LLC, an indirect subsidiary of CB Richard Ellis Group, Inc. and a
direct subsidiary of CBRE/Melody & Company. For more information on the
Company, please visit the Company's website at
http://www.cbrerealtyfinance.com.
Forward-Looking Information
This press release contains forward-looking statements based upon the
Company's beliefs, assumptions and expectations of its future performance,
taking into account all information currently available. These beliefs,
assumptions and expectations can change as a result of many possible events or
factors, not all of which are known to the Company or are within its control.
If a change occurs, the Company's business, financial condition, liquidity and
results of operations may vary materially from those expressed in its forward-
looking statements. The factors that could cause actual results to vary from
the Company's forward-looking statements include the Company's future
operating results, its business operations and prospects, general volatility
of the securities market in which the Company invests and the market prices of
its common stock, the Company's ability to begin making investments in the
future, availability, terms and development of short-term and long-term
capital, availability of qualified personnel, changes in the industry,
interest rates, the debt securities, credit and capital markets, the general
economy or the commercial finance and real estate markets specifically,
performance and financial condition of borrowers and corporate customers,
increased prepayments of the mortgage and other loans underlying the Company's
investments, the status of the class action lawsuit, the potential derivative
shareholder claim and any future litigation that may arise, the ultimate
resolution of the Company's three non-performing loans totaling $94.8 million
and the Company's three watch list loans totaling $29.8 million, the
monetization of the Company's joint venture investments, the outcome of the
Company's exploration of operational and strategic initiatives, and other
factors, which are beyond the Company's control. The Company undertakes no
obligation to publicly update or revise any of the forward-looking statements.
For further information, please refer to the Company's filings with the
Securities and Exchange Commission.
FOR FURTHER INFORMATION
AT CBRE REALTY FINANCE:
Michael Angerthal
Chief Financial Officer
(860) 275-6222
michael.angerthal@cbrerealtyfinance.com
SOURCE CBRE Realty Finance, Inc.
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