April 6, 2018 / 2:00 PM / 18 days ago

BRIEF-Agellan Commercial REIT Buys Seven Light Industrial Properties

Reuters Staff

1 Min Read

April 6 (Reuters) - Agellan Commercial Real Investment Trust :

* AGELLAN COMMERCIAL REAL ESTATE INVESTMENT TRUST ANNOUNCES THE ACQUISITION OF SEVEN LIGHT INDUSTRIAL PROPERTIES IN DALLAS, TEXAS

* DEAL FOR ‍APPROXIMATELY US$12.2 MILLION

* ACQUISITION IS EXPECTED TO BE IMMEDIATELY ACCRETIVE TO REIT’S AFFO PER UNIT

* EXPECTS TO FINANCE DEAL BY DRAWING DOWN OPERATING CREDIT FACILITY, OBTAINING FIRST MORTGAGE SECURED BY ACQUIRED PROPERTIES Source text for Eikon: Further company coverage:

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BRIEF-Agellan Commercial REIT Buys Seven Light Industrial Properties

* DEAL FOR ‍APPROXIMATELY US$12.2 MILLION​

* DEAL FOR ‍APPROXIMATELY US$12.2 MILLION