VineBrook Homes Trust expects to buy back 909,090 Class A shares at $33 apiece in a $30 million tender offer, according to our tracking.
Roughly 2.75 million shares were tendered, so the offer would fill one of every three shares put to it and leave the majority outside the cash exit.
The $33 price is 37% below the nontraded REIT's net asset value, our records show.
VineBrook's $30M tender fills one of every three shares tendered
Shares put to the offer vs. shares the REIT expects to repurchase
Source: VineBrook Homes Trust tender documents · PWD tracking
Show as table
| Label | Value (shares) |
|---|---|
| Shares tendered | 2.8M shares |
| Shares to be repurchased | 909.1K shares |
| Shares left outside | 1.8M shares |
Reported by The Wrap desk from Interval Fund Daily tracking. Published . Corrections