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Oct 2004 Issue of Wine Business Monthly
Vintage Wine Plans Real Estate Investment Trust Filing with SECA group of investors are forming a real estate investment trust to acquire a portfolio of California vineyards, according to various industry sources.The REIT, which may initially be valued at $100 to $150 million, is called Vintage Wine Trust, and its backers have been preparing to file registration papers with the SEC for an IPO to be underwritten by Friedman Billings Ramsey of Washington, DC, a leading underwriter of REITS and IPO...
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