Sabana REIT IPO

Sabana REIT IPO: has priced its IPO at $1.05 a share, the midpoint of an indicative range, to raise $491m. The retail tranche of the IPO will close on Nov 24 and the units will begin trading on Nov 26. The manager of the Reit had forecast in a draft prospectus a distribution yield of 8.45% for 2011 and 8.48% for 2012 based on the minimum offer price of $1.00.