Office-focused real estate investment trust JOSS Realty REIT Inc. plans to sell 3 million shares of its common stock at $4 to $6 per share in an initial public offering guided by Clifford Chance LLP and Winston & Strawn LLP.

In a Monday announcement, the REIT said its IPO is being underwritten by D. Boral Capital LLC, and the stock will be listed on the New York Stock Exchange under the symbol "JOSS."

According to JOSS Realty, the underwriters will have the option to buy 450,000 shares during a 45-day period.

In a U.S. Securities and Exchange Commission filing on Jan. 29, the REIT estimated net proceeds of $10.75 million, or up to $13 million if underwriters fully exercise their purchase options, assuming a midpoint price of $5 per share after deducting underwriting fees and expenses.

"We will contribute the net proceeds from this offering to our operating partnership in exchange for [operating partnership] units," the company said in the filing. "We expect our operating partnership to use the net proceeds received from us to fund the cash payments in connection with the formation transactions, capital expenditures and the remainder for general corporate purposes."

JOSS Realty and D. Boral Capital didn't respond to requests for comment Monday.

JOSS Realty is represented by Andrew Epstein, Kris Ferranti and Om Pandya of Clifford Chance.

D. Boral Capital is represented by Winston & Strawn.