According to the SEC filing, the $600million raised from the IPO will be put to work to buy commercial and residential mortgage-backed securities, real estate-related assets and other financial assets.

PIMCO real estate investment trust, or REIT, will seek to list on the New York Stock Exchange under the ticker PIMR, according to the filing.

PIMCO REIT IPO Date & Price

In the filing, PIMCO did not give the IPO price or the date of the IPO. These will be communicated at a later date.

PIMCO REIT IPO is a post from: Daily Investment Tips

Factors Driving Farmland Prices

Surging agriculture prices, a weak dollar, fear of financial assets and rising global demand for food have all contributed to this boom.

Us Farmland Prices 1999 – 2008

The average price of an acre of U.S. farmland more than doubled from $1030 in 1999 to $2350 in 2008, according to the U.S. Agriculture Department.

US Farmland Prices Statistics is a post from: Daily Investment Tips