Aspen REIT IPO qualified by SEC

Stephane De Baets

Aspen REIT, a recently-formed, single-asset REIT, today announced its offering statement on Form 1-A filed with the Securities and Exchange Commission (SEC) in connection with its planned $33.5 million Regulation A+ IPO has been qualified by the SEC. Aspen REIT is offering 1,675,000 shares at $20.00 per share in the IPO. They have also applied to list their common stock on the NYSE American stock exchange under the ticker symbol “AJAX.”

Upon closing of the IPO, Aspen REIT will be the first single-asset REIT to list on a national securities exchange in the United States.  Aspen REIT intends to use substantially all of the net proceeds from the IPO, together with equity in Aspen REIT’s subsidiary operating partnership, to acquire St. Regis Aspen Resort in Aspen, Colorado.

Investors may subscribe for shares of common stock of Aspen REIT in the IPO or indicate an interest in subscribing for shares at www.m-vest.com/aspenreit.

Maxim Group LLC is the lead managing selling agent for the offering.

“Today, any investor can subscribe to become a part owner in the St. Regis Aspen Resort, one of the world’s finest luxury hotels,” said Stephane De Baets, CEO, president and chairman of Aspen REIT. “Through this first-of-its-kind offering in the United States, we are leveling the playing field for all investors, creating equal opportunity to participate in the upside associated with a first-class resort destination supported by strong fundamentals, an experienced leadership team and a world-class property manager.”

For additional information on Aspen REIT, the IPO and any other related topics, please review the Form 1-A offering circular that can be found at: www.m-vest.com/aspenreit.