DNZ Property Fund says shares in the company should be trading on the stock market from the middle of August.
The firm's 8000 shareholders will be offered up to $35 million in new shares from Monday 19 July.
Another $10 million of shares, including any that aren't taken up, will then be offered to employees, market participants, and financial institutions.
DNZ expects an offer price of 80c-$1.05 per share.
The company's chairman, Tim Storey, says he's expecting strong interest in the shares, because the property investor will be the first listed property fund with an internalised management contract.
Of the sum raised, $35 million will be used to buy out DNZ's management contracts, which had been owned by its chief executive Paul Duffy and director Alastair Hasell.
Share trading is due begin on 16 August.