| Ticker: SCA | Six Piedmont Center | |
| Exchange: New York Stock Exchange | Atlanta, Georgia 30305 | |
| Industry: Financial | (404) 237-9292 |
| Type of Shares: | Class A Common Shares | Filing Date: | 6/28/96 | |
| U.S. Shares: | 4,350,000 | Offer Date: | 10/14/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $23.00 - $25.00 | |
| Primary Shares: | 4,350,000 | Offer Price: | $24.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.56 | |
| Offering Amount: | $104,400,000 | Selling: | $0.90 | |
| Expenses: | $1,200,000 | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-1172 |
| Dean Witter Reynolds | Co-manager | (212) 392-2222 |
| J.P. Morgan Securities Inc. | Co-manager | (212) 648-9922 |
| Prudential Securities Incorporated | Co-manager | (212) 214-3000 |
| Auditor: Ernst & Young | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $103.63 | $30.81 | $22.95 | Assets: | $929.32 |
| Net Income: | $19.64 | $6.65 | $4.18 | Liabilities: | $376.97 |
| EPS: | $0.45 | $0.12 | $0.11 | Equity: | $552.35 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a real estate investment trust (REIT). ATLANTIC, through its research based investment strategy, engages in the development, acquisition, operation and long-term ownership of multifamily properties in the southeastern United States. ATLANTIC's objective is to be the preeminent real estate operating company focusing on moderate income multifamily properties in its primary target market. ATLANTIC, through its REIT manager, Security Capital Incorporated, is an Atlantic-based, fully integrated operating company with 75 professionals dedicated to implementing its highly focused operating strategy. ATLANTIC seeks to achieve long-term sustainable growth in cash flow by maximizing the operating performance of its core portfolio through value-added operating systems, developing industry-leading, multifamily product in targeted submarkets that exhibit strong job growth prospects and demographic trends and implementing its assets optimization strategy of redeploying capital into assets that meet ATLANTIC's long-term investment criteria and have significant long-term cash flow growth prospects. |
| Use of Proceeds |
| Proceeds from the proposed offering will be used to retire revolving credit debt. |
©1996 IPO Data Systems, Inc. - All rights reserved.