|
|
|
|
||
Acadia Realty Trust discloses $121.6M in Q2 NYC street retail asset dealsfrom SNL Real Estate Daily Acadia Realty Trust discloses $121.6M in Q2 NYC street retail asset deals BYLINE: Maera Tezuka Acadia Realty Trust closed or was under contract to buy $121.6 million of street retail properties in New York City's Soho neighborhood during the second quarter. The deals included a $96.8 million portfolio announced earlier and an additional agreement of $24.8 million. In reporting its second-quarter earnings, the shopping center real estate investment trust said deals worth $49.6 million had been finalized and the remaining $72.0 million were still under contract at June 30. It closed on the 41 Greene St. asset, which is leased to Stone Island, for $17.4 million during the quarter. The pending deals are expected to close in phases through 2020. The REIT said it match-funded the completed deals, along with the remaining assets under contract, with equity raised in at-the-market offerings at an average gross price of $28.58 per share. |
return to message board, top of board |