New Issue: First Union Real Estate raises $4 million in private placement of stock

By Sheri Kasprzak

Atlanta, Feb. 16 - First Union Real Estate Equity and Mortgage Investments said it has raised $4 million in a private placement of stock.

The company sold 1 million shares at $4 each to Kimco Realty Corp.

Based in Boston, First Union is a real estate investment trust.

Issuer:	First Union Real Estate Equity and Mortgage Investments
Issue:	Stock
Amount:	$4 million
Shares:	1 million
Price:	$4.00
Warrants:	No
Investor:	Kimco Realty Corp.
Announcement date:	Feb. 16
Stock price:	$4.38 at close Feb. 16

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