Verde Realty, a REIT specializing in multifamily rental properties and industrial distribution facilities, withdrew its plans for an initial public offering on Monday because of poor market conditions. The El Paso, TX-based company was founded in 2003 and booked $101 million in sales for the 12 months ended March 31, 2010. Goldman, Sachs & Co., BofA Merrill Lynch and Wells Fargo Securities were set to be the lead underwriters on the deal.
