The manager of Prime US REIT has announced that the private placement launched on June 24 has raised gross proceeds of US$80 million ($107.5 million).

 See also: Prime US REIT acquires offices in San Diego and Florida for US$246 mil, launches US$80 mil private placement

 The placement saw 98.77 million new units issued at 81 US cents per unit. The price range at launch was between 79.7 US cents to 82.2 US cents.

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