secwatch.observer — SEC 8-K summary
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Issuer:     Plymouth Industrial REIT, Inc. (—)
CIK:        0001515816
Form:       8-K
Filed at:   2024-11-19T23:59:59+00:00
Accession:  0001171520-24-000367
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Plymouth Industrial completes $357.9M contribution of 34 Chicago properties to JV with Sixth Street
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- Total purchase price $357.9M for 34 properties in Chicago MSA; cash consideration $232.4M.
- Recognized gain on sale of $133.1M; retained 35% equity interest in the JV valued at $60.9M.
- Pro forma net loss attributable to common stockholders of $30.1M for nine months ended Sept 30, 2024, reflecting JV equity method losses.
- Repaid $10.5M Midland National Life Insurance Mortgage as condition of closing.
- Sixth Street JV has profit-sharing waterfall; Plymouth receives annual asset management fee of 1% of rental receipts.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1515816/000117152024000367/0001171520-24-000367-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1515816/000117152024000367/eps11651_plym.htm
  HTML page:      https://secwatch.observer/filing/0001171520-24-000367

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