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Chicago Atlantic Real Estate Finance Priced, Nasdaq: REFI

Newly-formed commercial mortgage REIT focused on the cannabis industry.

Industry: Financials

Latest Trade: $15.99 +0.09 (+0.6%)

First Day Return: +3.1%

Return from IPO: -0.6%

Industry: Financials

We are a newly-formed commercial real estate finance company. Our primary investment objective is to provide attractive, risk-adjusted returns for stockholders over time primarily through consistent current income dividends and other distributions and secondarily through capital appreciation. We intend to achieve this objective by originating, structuring and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. Our current portfolio is comprised primarily of senior loans to state-licensed operators in the cannabis industry, secured by real estate, equipment, receivables, licenses or other assets of the borrowers to the extent permitted by applicable laws and regulations governing such borrowers. We intend to grow the size of our portfolio by continuing the track record of our business and the business conducted by our Manager and its affiliates by making loans to leading operators and property owners in the cannabis industry. We are externally managed by Chicago Atlantic REIT Manager, LLC (our “Manager”). Our Manager’s Investment Committee, which is comprised of John Mazarakis, Anthony Cappell, Dr. Andreas Bodmeier, and Peter Sack, advises and consults with our Manager and its investment professionals with respect to our investment strategy, portfolio construction, financing and investment guidelines and risk management and approves all of our investments.
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IPO Data
IPO File Date 10/26/2021
Offer Price $16.00
Price Range $16.00 - $18.00
Offer Shares (mm) 6.3
Deal Size ($mm) $100
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 12/07/2021
Offer Price $16.00
Price Range $16.00 - $18.00
Offer Shares (mm) 6.3
Deal Size ($mm) $100
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Citizens JMP
Compass Point
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Company Data
Headquarters Chicago, IL, United States
Founded 2021
Employees at IPO 0
Website www.chicagoatlanticcredit.com

Chicago Atlantic Real Estate Finance (REFI) Performance