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RiverBanc Multifamily Investors postpones IPO

August 6, 2015
RMI

RiverBanc Multifamily Investors, a REIT formed to own debt and equity interests in apartment communities, postponed its IPO on Thursday citing poor market conditions. Baird, Keefe Bruyette Woods, Suntrust Robinson Humphrey, Nomura Securities and Oppenheimer & Co. were set to be the joint bookrunners on the deal.