04:41 PM EDT, 09/30/2024 (MT Newswires) -- Acadia Realty Trust ( AKR ) said Monday it's launching an underwritten public offering of 4.5 million shares in connection with forward sale agreements.

Wells Fargo Securities, Goldman Sachs and Jefferies are the joint book-running managers, the company said, adding underwriters will get a 30-day option to buy up to 675,000 additional shares. It expects to enter into forward sale agreements.

The shares may be offered by the underwriters from time to time to purchasers, the firm said.

The company said any proceeds upon future settlement of the forward sale agreements will be used for general corporate purposes.

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