Government Properties Income Trust, a Newton-based REIT, has commenced a public offering of 7 million shares.

The company said it expects to use the proceeds to repay portions of its $250 million revolving credit facility, and to fund general business activities, including possible future acquisitions.

The offering has not been priced yet.

Earlier this week, Government Properties Income Trust reported a $7.7 million second quarter profit, up from $5.9 million a year earlier.

Newton REIT Selling Stock

by Banker & Tradesman time to read: <1 min
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