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RRR.UN - R&R Real Estate Investment Trust News Story

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Last Trade - 12/08/20

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Market Cap £0.01
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Position in Universe th / 2682

BRIEF-R&R REIT Says $52 Mln Portfolio Acquisition

Fri 9th August, 2019 2:14am
Aug 8 (Reuters) - R&R Real Estate Investment Trust
 RRR_u.V :
    * R&R REIT ANNOUNCES US$52.0 MILLION PORTFOLIO ACQUISITION
    * TO ACQUIRE A PORTFOLIO OF EIGHT ECONOMY HOTELS LOCATED IN
UNITED
STATES FOR ABOUT $52.0 MILLION
    * DEAL EXPECTED TO BE IMMEDIATELY ACCRETIVE TO FUNDS FROM
OPERATIONS & ADJUSTED FUNDS FROM OPERATIONS PER UNIT OF REIT
    * INDEPENDENT TRUSTEES OF REIT UNANIMOUSLY RECOMMEND THAT
UNITHOLDERS VOTE IN FAVOUR OF ACQUISITION

Source text for Eikon:  ID:nCNW5rc98a 
Further company coverage:  RRR_u.V 

 ((Reuters.Briefs@thomsonreuters.com;))
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