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BRIEF-Automotive Properties REIT to buy two dealership properties
November 22, 2017 / 10:14 PM / 24 days ago

BRIEF-Automotive Properties REIT to buy two dealership properties

Nov 22 (Reuters) - Automotive Properties Real Estate Investment Trust:

* Automotive Properties REIT agrees to acquire two dealership properties and a vehicle service compound facility in Edmonton for a combined purchase price of $23.2 million

* Automotive Properties REIT - ‍addition of properties to reit’s portfolio is expected to be accretive to REIT’s AFFO on a per unit basis​

* Automotive Properties REIT - ‍intends to satisfy cumulative purchase price through existing credit facilities and cash on hand​ Source text for Eikon: Further company coverage:

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