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BRIEF-Gramercy Property Trust agrees to purchase $331 mln, 9-property industrial portfolio
August 30, 2017 / 10:12 AM / 24 days ago

BRIEF-Gramercy Property Trust agrees to purchase $331 mln, 9-property industrial portfolio

Aug 30 (Reuters) - Gramercy Property Trust

* Gramercy Property Trust agrees to purchase $331 million, 9-property industrial portfolio

* Gramercy Property Trust says ‍company will assume $137 million of in-place debt, and will issue $133 million in OP units to fund acquisition​

* Gramercy Property Trust- OP unit price will be based on a 30-day VWAP as of August 29, 2017, or $29.56 per share

* Gramercy Property Trust - acquiring portfolio at 6.3% cash capitalization rate Source text for Eikon: Further company coverage:

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