IDS Realty Trust
| Company Deal | 2,400,000 shares of beneficial interest and warrants to purchase 1,200,000 shares of beneficial interest |
|---|---|
| Transaction Type | Shares of Beneficial Interest / Warrants |
| Deal Description | IDS Realty Trust invested at least two thirds of the net proceeds from this transaction in a number of mortgage investments for residential, office building, apartment, shopping center, and town house construction and for land development. The remaining proceeds were invested in development, construction, land, and standing loans. The remaining proceeds were also used for long-term investments, warehousing and other interim investments, standby committments, and gap financing. |