Santa Ana-based NNN Realty Advisors Inc.,parent company of real estate investor Triple Net Properties LLC,plans to raise up to $423 million in an initial public offering.
NNN Realty filed its plans with the Securities and Exchange Commission late Monday. The company has yet to propose a stock exchange or a trading symbol for its offering, nor has it announced the underwriters for the deal
The offering is the largest proposed for an Orange County company in several years.
Clean Energy Fuels Inc., a Seal Beach-based fuel alternative developer backed by oilman T. Boone Pickens, is planning to raise $345 million in an initial public offering first announced last year. No date for that offering has been set.
Newport Beach-based Acquicor Technology Inc. was the biggest deal to go public last year, raising $173 million.
NNN Realty provides management services for a portfolio of about 152 properties, totaling more than 32 million square feet of office, medical, apartment and retail buildings in 28 states.
The company has raised more than $2.4 billion of money from private investors to buy buildings since its 1998 start.
The company had revenue of $135.4 million last year, with income from continuing operations of $10.6 million.
