Safety, Income and Growth, a commercial REIT formed by iStar to acquire and manage ground net leases, raised $205 million by offering 10.3 million shares at $20, within the range of $19 to $21.
Safety, Income and Growth plans to list on the NYSE under the symbol SAFE. BofA Merrill Lynch, J.P. Morgan, Barclays, Citi and Raymond James acted as lead managers on the deal.
