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Treehouse Real Estate Investment Trust Closes Acquisitions
Friday 15 March 2019

15 March 2019 - US-based REIT Treehouse Real Estate Investment Trust, Inc. has completed the acquisition of two properties for a total purchase price of approximately USD 33.5m, the company said.

The properties included in the sale include a retail storefront development located on Highland Drive in Las Vegas, Nevada.

Also included was a 45,000 square foot, Dutch greenhouse in Desert Hot Springs, California.

Treehouse Real Estate Investment Trust is a newly-organised, externally managed real estate investment company focused on the acquisition, ownership and management of specialized retail and industrial properties leased to experienced, state-licensed operators for their regulated adult-use and medical-use cannabis facilities.
Details
Date Published: 15/03/2019
Target: Retail storefront development in Las Vegas, Nevada. A45,000 square foot, Dutch greenhouse in Desert Hot Springs, California
Country: USA
Deal Size: 33.5m (USD)
Sector: Construction/Real Estate
Type: LBO
Financing: Cash
Status: Closed
Vendor:
Buyer: Treehouse Real Estate Investment Trust
Comment:


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