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DESERT CAPITAL REIT INC. FILES REGISTRATION STATEMENT FOR NEW PUBLIC OFFERING OF COMMON STOCK
Henderson, Nev., (October 18, 2005)—Desert Capital REIT Inc., a real estate investment trust headquartered in Henderson, Nev., today announced it has filed a second registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed public offering of up to $225 million of its common stock.
Desert Capital REIT Inc. is proposing to offer 15 million shares of common stock priced at $15 per share.
Offers of the securities will be made only by means of a prospectus, copies of which may be obtained when available, through CMC Financial Services, Inc., the dealer manager of the proposed offering, to the attention of Carrie Cook at 1291 Galleria Drive, Suite 210, Henderson, NV 89014 (Telephone: 800-419-2855).
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
About Desert Capital REIT, Inc.
Desert Capital REIT, Inc., is a Henderson, Nevada-based real estate investment trust that invests in loans to owners and developers of real estate properties. Formed in December 2003, Desert Capital’s portfolio of mortgage loans consists of acquisition and development, construction, commercial property and residential loans. For more information, please call (800) 419-2855 or visit www.desertcapitalreit.com.
About CMC Financial Services Inc.
CMC Financial Services Inc. is a Henderson, Nev.-based dealer manager that specializes in the management of public offerings and real estate investments. Formed in December 2003, CMC Financial Services Inc. is a member of the National Association of Securities Dealers Inc. CMC Financial Services Inc. is located at 1291 Galleria Drive, Suite 210, Henderson, NV 89014. For more information, please call (888) 942-9292 or visit cmcfinancialservicesinc.com.
Safe Harbor Statement
Statements included herein that state the company's or management's intentions, hopes, beliefs, expectations or predictions of the future are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 which by their nature, involve known and unknown risks and uncertainties. The company’s actual results, performance or achievements could differ materially from those expressed or implied by such statements.
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