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AmREIT prices IPO at $14, at low end of the range

July 26, 2012

AmREIT, a REIT that owns and operates 29 shopping centers primarily in Houston and Dallas, raised $51 million by offering 3.65 million shares at $14, at the low end of the $14-$16 range. The REIT had originally planned to offer 3.4 million shares. AmREIT will list on the NYSE under the symbol AMRE. Jefferies and Baird acted as bookrunners on the deal.