Edition:
United States

AGELLAN COMMERCIAL REIT ACQUIRES INDUSTRIAL DISTRIBUTION FACILITY IN FLINT, MICHIGAN


Wednesday, 26 Apr 2017 09:58am EDT 

April 26 (Reuters) - Agellan Commercial Real Investment Trust :AGELLAN COMMERCIAL REAL ESTATE INVESTMENT TRUST ANNOUNCES THE ACQUISITION OF AN INDUSTRIAL DISTRIBUTION FACILITY IN FLINT, MICHIGAN.AGELLAN COMMERCIAL REAL INVESTMENT TRUST - ACQUISITION IS EXPECTED TO BE IMMEDIATELY ACCRETIVE TO REIT'S ADJUSTED FUNDS FROM OPERATIONS PER UNIT.FACILITY PURCHASE PRICE OF APPROXIMATELY US$16.0 MILLION (BEFORE CLOSING COSTS).