VineBrook Homes Trust expects $30 million buyback at 37% NAV discount
The tender would buy 909,090 Class A shares at $33, filling one in three after 2.75 million were tendered.
At a glance
VineBrook Homes Trust expects to buy back 909,090 Class A shares at $33 apiece in a $30 million tender offer, according to our tracking.
Roughly 2.75 million shares were tendered, so the offer would fill one of every three shares put to it and leave the majority outside the cash exit.
The $33 price is 37% below the nontraded REIT's net asset value, our records show.
VineBrook Homes Trust expects to buy back 909,090 Class A shares at $33 apiece in a $30 million tender offer, according to our tracking.
Roughly 2.75 million shares were tendered, so the offer would fill one of every three shares put to it and leave the majority outside the cash exit.
The $33 price is 37% below the nontraded REIT's net asset value, our records show.
Save this analysis and keep the funds you follow together in My Desk.
Sign in to save articles or follow funds.
The WrapKKR drops early repurchase charge as Highlands expands tender offer
The WrapDubai's ASB Capital announces private-market fund pairings with StepStone, Principal
The Wrap