Pure Industrial Real Estate Trust Announces Agreement To Acquire Fully Leased Industrial Property For $8.1 Million
15 Maio 2012 - 3:25PM
PR Newswire (Canada)
VANCOUVER, May 17, 2012 /CNW/ - Pure Industrial Real Estate Trust
("PIRET" or the "REIT") today announced it has entered into an
agreement to acquire a fully leased multi-tenant, income producing
industrial property for a total purchase price of $8,100,000. The
property is located at 2030 Notre Dame Avenue in Winnipeg,
Manitoba, has a total rentable area of 108,238 square feet, and is
100% leased to three strong national and regional tenants on a
triple net basis. PIRET will fund the acquisition with equity from
the bought deal financing that closed on March 1, 2012 and through
the assumption a new first mortgage representing 62.3% of the
purchase price at an interest rate of 3.975%. The asset will be
acquired at an attractive going-in capitalization rate of 7.8%.
After completing this transaction, and the previously announced
acquisitions, PIRET's portfolio will total 71 assets with
approximately 5.1 million square feet. About Pure Industrial Real
Estate Trust (PIRET) PIRET is an unincorporated, open-ended
investment trust established for the purposes of acquiring, owning
and operating a diversified portfolio of income-producing
industrial properties in primary markets across Canada. PIRET
focuses exclusively on investing in industrial properties and is
the only publicly traded vehicle in Canada that offers investors
exclusive exposure to Canada's industrial asset class. Additional
information about PIRET is available at www.piret.ca or
www.sedar.com. NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION
SERVICES PROVIDER (as that term is defined in the policies of the
TSX Venture Exchange) HAS REVIEWED OR ACCEPTS RESPONSIBILITY FOR
THE ADEQUACY OR THE ACCURACY OF THIS RELEASE. Pure Industrial Real
Estate Trust (PIRET) CONTACT: Andrew Greig,Director of Investor
RelationsPure Industrial Real Estate Trust (PIRET)Suite 910, 925
West Georgia StreetVancouver, BC V6C 3L2Phone: (604) 681-5959 or
(888) 681-5959E-mail: agreig@piret.cawww.piret.caTSX Venture
Exchange - AAR.UN
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