Brixmor Launches Largest Retail REIT IPO in 20 Years

Skadden is representing Bank of America Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC as joint bookrunning managers in Brixmor Property Group Inc.'s $825 million initial public offering, which priced on October 29. Brixmor is a REIT that owns and operates the largest wholly owned portfolio of grocery-anchored community and neighborhood shopping centers in the United States. This was reported as the largest retail REIT IPO since 1993.