Office Landlord Workspace Property Trust Said to Seek Capital

Workspace Property Trust, an office and industrial landlord that abandoned an effort to go public in 2018, is exploring raising fresh capital, according to people with knowledge of the matter.

The Horsham, Pennsylvania-based company, led by Chief Executive Officer Tom Rizk and Chief Operating Officer Roger Thomas, has tapped advisers to solicit interest from potential institutional investors including real estate private equity firms, sovereign wealth funds and insurance companies, said the people. The new capital may come in the format of preferred equity, one of the people said.

Fresh funding will be used to return capital to existing ...