Brief: BSR REIT Acquires Ariza Plum Creek Apartments In Austin Market For $55 Mln

BSR Real Estate Investment Trust

16/03/2020 12:20

March 16 (Reuters) - BSR Real Estate Investment Trust
 HOMu.TO :
    * BSR REIT ACQUIRES ARIZA PLUM CREEK APARTMENTS IN AUSTIN
MARKET
FOR $55.0 MILLION
    * BSR REAL ESTATE INVESTMENT TRUST - TRANSACTION WAS FUNDED
WITH
$35.8 MILLION IN MORTGAGE DEBT, AND REIT'S CREDIT FACILITY WAS
USED FOR BALANCE
    * BSR REAL ESTATE INVESTMENT TRUST - ADDITION OF PROPERTY IS
EXPECTED TO BE IMMEDIATELY ACCRETIVE TO REIT'S AFFO ON A PER
UNIT BASIS

Source text for Eikon:  ID:nCNWLvBvpa 
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 ((Reuters.Briefs@thomsonreuters.com;))