Burnham Pacific Raised $23 Million
- Share via
Burnham Pacific Properties reported Thursday that its recent public offering of 8.5% convertible debentures raised $23 million. Proceeds will be used to reduce existing mortgage debt and to buy new investment property.
The company that converted to a real estate investment trust on April 1 had operated for 24 years as a California real estate limited partnership.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
