Resource America Inc. has filed a shelf registration to form a real estate investment trust that will focus on investing in creative office spaces.
The Philadelphia real estate company, which has its offices at 1845 Walnut St., wants to raise $1.1 billion for a company it will call Resource Real Estate Innovation Office REIT Inc.
It priced the common stock at $10 a share.
In documents filed with the Securities and Exchange Commission, the company outlined why it has decided to go beyond investing in properties that house traditional office spaces and seek to financially gain from emerging trends in commercial real estate and the way people increasingly work these days.
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