Brixmor Property priced the 25 million shares of common stock in the public offering at $23.75 a share. All shares sold in the offering will be sold by stockholders affiliated with Blackstone Real Estate Partners (BX) .
The underwriters of the offering have a 30-day option to buy up to an additional 3.75 million shares from the selling stockholders.
Brixmor Property won't receive any proceeds from the offering as it didn't offer any shares. The offering is expected to close on Nov. 17.