The REIT Stag (not the wrong Stag)
Today brings the first Initial Public Offering from a Real Estate Investment Trust since May. In an S-11 filed this morning, the Boston-based REIT Stag Industrial Inc. announced their goal to raise $300 million, to fund their business dedicated to the “acquisition, ownership and management of single-tenant industrial properties throughout the United States.”
Stag Industrial Inc., of course, is not to be confused with Stag International, the Indian-based sporting goods company that specializes in table tennis gear. (Check our their website to watch Swedish champion and Stag sponsor Peter Karlsson put the hurt on an unsuspecting ping pong ball.) Nor is it to be confused with Stag International LLC, the Dubai-based Stationery and Office Supplies Wholesaler.
For that matter, let the record show that Stag Industrial Inc. has no relationship with firearms manufacturer Stag Arms, or with the makers of that venerable Midwest institution Stag Beer (“Golden Quality since 1851”).