Independence Realty Trust Financing
Independence Realty Trust, Inc, Corporation just had published form D because of $14.00 million equity financing. The date of first sale was . Independence Realty Trust, Inc is expected to fundraise $14.00 million in this financing round. The total financing amount was $14.00 million. The fundraising form was filed on 2016-10-06. The reason for the financing was: Offering relates to shares of common stock of issuer issued/issuable upon exchange of common units of LP of issuer’s subsidiary, Independence Realty Operating Partnership, LP. Offering of units reported in Form D previously filed with SEC on 9/21/15.. The fundraising still has about $14.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Independence Realty Trust is based in Pennsylvania. The filler’s business is REITS and Finance. The D form was submitted by James J Sebra CFO & Treasurer. The company was incorporated more than five years ago. The filler’s address is: Two Logan Square, 100 N. 18Th Street, 23Rd Floor, Philadelphia, Pa, Pennsylvania, 19103. Scott F. Schaeffer is the related person in the form and it has address: C/O Independence Realty Trust, Inc., 100 N. 18Th St., 23Rd Floor, Philadelphia, Pa, Pennsylvania, 19103. Link to Independence Realty Trust Filing: 000119248216000725.
Analysis of Independence Realty Trust Offering
On average, startups in the REITS and Finance sector, sell 56.00% of the total offering size. Independence Realty Trust sold 0.00% of the offering. The financing is still open. The average financing size for companies in the REITS and Finance industry is $988,700. The offering was 100.00% smaller than the average of $988,700. Of course this should not be seen as negative. Businesses get financed for a variety of needs and reasons. The minimum investment for this offering was set at $0. If you know more about the reasons for the fundraising, please comment below.
What is Form D? What It Is Used For
Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.
Why Fundraising Reporting Is Good For Independence Realty Trust Also
The Form D signed by James J Sebra might help Independence Realty Trust, Inc’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.