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Document Preview Letter Re: Acadia Realty Trust |
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Title: |
Letter Re: Acadia Realty Trust |
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Entities: |
Acadia Realty Trust; Citigroup Global Markets Inc.; Yale University |
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Date: |
2004 |
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Size: |
Preview shows 2KB of 5KB total |
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Price: |
$41 |
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ID: |
#237195 |
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March 19, 2004
Citigroup Global Markets, Inc.
As Representative of the Several Underwriters
c/o Citigroup Global Markets, Inc.
388 Greenwich Street
New York, New York 10013
RE: Acadia Realty Trust (the "Company")
Ladies & Gentlemen:
The undersigned is an owner of record or beneficially of certain Common
Shares of Beneficial Interest of the Company ("Common Shares") or securities
convertible into or exchangeable or exercisable for Common Shares. The Company
proposes to carry out a public offering of Common Shares (the "Offering") on
behalf of certain of its shareholders for which Citigroup Global Markets, Inc.
will act as the representative (the "Representative") of the underwriters. The
undersigned recognizes that the Offering will be of benefit to the undersigned
and will benefit the Company by, among other things, providing a more liquid
market for the Company's Common Shares. The undersigned recognizes that the
Offering will be of benefit to the selling shareholders by providing liquidity
to such shareholders. The undersigned acknowledges that you and the other
underwriters, if any, are relying on the representations and agreements of the
undersigned contained in this letter in carrying out the Offering and in
entering into an underwriting agreement (the "Underwriting Agreement") with the
Representative, the Company and the selling shareholders with respect to the
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