Brief: Choice Properties Real Estate Investment Trust Announces $426 Mln Portfolio Disposition
20/09/2019 13:34
Sept 20 (Reuters) - Choice Properties Real Estate Investment
Trust CHP_u.TO :
* CHOICE PROPERTIES REAL ESTATE INVESTMENT TRUST ANNOUNCES
$426
MILLION PORTFOLIO DISPOSITION
* CHOICE PROPERTIES REAL ESTATE INVESTMENT TRUST - AGREEMENT
TO
SELL A 30 PROPERTY PORTFOLIO FOR ABOUT $426 MILLION TO THIRD
PARTY PURCHASER
* CHOICE PROPERTIES REIT - PURCHASER HAS OPTION TO ACQUIRE
TWO
ADDITIONAL STAND-ALONE RETAIL PROPERTIES FOR AN AGGREGATE SALE
PRICE OF ABOUT $29 MILLION
* CHOICE PROPERTIES REAL ESTATE INVESTMENT TRUST - PROCEEDS
FROM
TRANSACTION WILL BE USED TO REPAY DEBT
Source text for Eikon: ID:nCNW2mjTda
Further company coverage: CHP_u.TO
((Reuters.Briefs@thomsonreuters.com;))
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