Deal Snapshot
POSTAL REALTY TRUST CLOSES ACQUISITION OF POSTAL SERVICE PORTFOLIO
Tuesday 14 January 2020

US-based REIT Postal Realty Trust, Inc. (NYSE: PSTL) has closed on the acquisition of 21 of the 22 properties previously reported on December 4, 2019m, the firm said. The remaining property is scheduled to close during 3Q20.
The entire Portfolio is comprised of approximately 91,900 net leasable interior square feet and generates a weighted average rental rate of USD 15.60 per net leasable interior square foot. The aggregate purchase price of the 21 properties was USD 13.8m.


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Details
Date Published: 14/01/2020
Target: 21 of the 22 properties in Postal portfolio
Country: USA
Deal Size: 13.8m (USD)
Sector: Construction/Real Estate
Type: LBO
Financing: Cash and Stock
Status: Closed
Vendor:
Buyer: Postal Realty Trust
Comment:


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