Brief: BSR REIT Announces The Sale Of Five Noncore Properties For $86 Million

BSR Real Estate Investment Trust

02/12/2020 23:09

Dec 2 (Reuters) - BSR Real Estate Investment Trust
 HOMu.TO :
    * PRESS RELEASE - BSR REIT ANNOUNCES THE SALE OF FIVE
NONCORE
PROPERTIES FOR $86 MILLION
    * BSR REAL ESTATE INVESTMENT TRUST - SOLD 5 NONCORE
PROPERTIES,
COMPRISING 890 APARTMENT UNITS
    * BSR REAL ESTATE INVESTMENT TRUST -  TWO OF FIVE ASSETS
SOLD,
WINDSOR ESTATES I AND II ARE IN HOUSTON, TEXAS METROPOLITAN
STATISTICAL AREA
    * BSR REAL ESTATE INVESTMENT TRUST -  OTHER ASSETS SOLD WERE
THE
POINTE, TEXAS MSA; SOUTH OAKS, ARKANSAS MSA; AND WILLOW LAKE IN
LONGVIEW, TEXAS MSA
    * BSR REAL ESTATE INVESTMENT- NET PROCEEDS WERE USED TO
REPAY $40
MILLION IN MORTGAGE DEBT, BALANCE USED TO REDUCE OUTSTANDING
BALANCE ON CO'S CREDIT FACILITY

Source text for Eikon:  ID:nCNWrv0yqa 
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 ((Reuters.Briefs@thomsonreuters.com;))