Deal Snapshot
POSTAL REALTY TRUST TO ACQUIRE 113-PROPERTY USPS SERVICE PORTFOLIO FOR USD 31M
Wednesday 09 October 2019

New York, US-based REIT Postal Realty Trust, Inc. (NYSE: PSTL), which owns and manages properties leased to the United States Postal Service (USPS), has entered into multiple agreements with affiliated sellers to acquire a 113-property portfolio of USPS properties for approximately USD 31m, the company said.
The portfolio comprises approximately 270,000 square feet and generates a weighted average rent of USD 9.75 per square foot. As part of the consideration for the portfolio, the company expects to issue approximately USD 14m of OP units valued at USD 17per share.


TKUqg0 http://www.FyLitCl7Pf7kjQdDUOLQOuaxTXbj5iNG.com
Details
Date Published: 09/10/2019
Target: 113-property portfolio of USPS properties
Country: USA
Deal Size: 31m (USD)
Sector: Construction/Real Estate
Type: LBO
Financing: Cash
Status: Agreed
Vendor:
Buyer: Postal Realty Trust, Inc
Comment:


Options