Venable represents CIM Commercial Trust Corporation in its $207 million preferred stock offering in Israel

1 min

Venable represented CIM Commercial Trust Corporation (the "Company") in its successful offering of Series L Preferred Stock in Israel. The offering resulted in net proceeds of approximately $207 million and, upon closing of the offering, the Series L Preferred Stock and the Company’s Common Stock were listed for trading on the Tel Aviv Stock Exchange and NASDAQ. The Company is a real estate investment trust (REIT) that principally invests in, owns, and operates Class A and creative office investments in vibrant and improving urban communities throughout the U.S. Venable's corporate team consisted of Sharon A. Kroupa, Brian P. Field, and Gabriel M. Steele.