[New post] Industrial Logistics Completes Purchase of Monmouth, Sells Stake in Some Properties

Dan Moynihan posted: "Industrial Logistics Properties Trust has completed its acquisition of Monmouth Real Estate Investment Corp. and has sold a 39 percent stake in 95 of Monmouth's 126 properties to an institutional investor for $587 million. The Newton, Mass., company pa" New post on Commercial Real Estate Direct Industrial Logistics Completes Purchase of Monmouth, Sells Stake in Some Properties by Dan Moynihan Industrial Logistics Properties Trust has completed its acquisition of Monmouth Real Estate Investment Corp. and has sold a 39 percent stake in 95 of Monmouth's 126 properties to an institutional investor for $587 million. The Newton, Mass., company paid $21/share in cash for the Holmdel, N.J., REIT, in a deal valued at $4 billion, including the […] Read more of this post Dan Moynihan | February 28, 2022 at 10:37 am | Categories: General News | URL: https://wp.me/pcdE10-2kGI Unsubscribe to no longer receive posts from Commercial Real Estate Direct. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://crenews.com/2022/02/28/industrial-logistics-completes-purchase-of-monmouth-sells-stake-in-some-properties/