Oct 2 (Reuters) - Shares of FrontView REIT ( FVR ) fell

3.9% in their debut on the New York Stock Exchange on Wednesday,

valuing the commercial real estate investment trust at $487.9

million.

The Dallas, Texas-based company's shares opened at $18.25,

compared with the initial public offering price of $19 apiece.

FrontView focuses primarily on investing in properties

facing high-traffic roads that are highly visible to consumers.

It holds a portfolio of 278 properties in the United States,

with an occupancy rate of about 99%, as of June 30.

The company sold 13.2 million shares at $19 apiece to raise

$250.8 million in its IPO.

Morgan Stanley, J.P. Morgan, Wells Fargo Securities and BofA

Securities were the lead underwriters for the offering.