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Interrent REIT Announces $100 Million Bought Deal Equity Offering


Thursday, 19 Jul 2018 

July 19 (Reuters) - InterRent Real Estate Investment Trust ::INTERRENT REIT ANNOUNCES $100 MILLION BOUGHT DEAL EQUITY OFFERING TO FUND PROPERTY ACQUISITIONS.INTERRENT REAL ESTATE INVESTMENT TRUST - NET PROCEEDS FROM OFFERING WILL BE USED TO FUND ACQUISITIONS, REPAY EXISTING INDEBTEDNESS.INTERRENT REAL ESTATE INVESTMENT TRUST - ENTERED AGREEMENT TO BUY 9.4 MILLION TRUST UNITS OF REIT ON AT $10.65 PER UNIT.INTERRENT REIT - IN ADDITION, REIT HAS CONDITIONALLY AGREED TO ACQUIRE A PARCEL OF LAND REPRESENTING 6.3 ACRES FOR A PURCHASE PRICE OF $42 MILLION. 

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