AEI INCOME & GROWTH FUND 25 LLC: M&A transaction — AEI Income & Growth Fund 25 acquires 30% interest in Iowa health clinic for $1.19M

AEI INCOME & GROWTH FUND 25 LLC

Purchased 30% interest in University of Iowa Health clinic in Riverside, IA from affiliate AEI Property Corp for $1,191,265 cash.
Property is net-leased to Board of Regents for ~9.25 years remaining; annual rent $73,215 with 2.5% annual escalations.
Tenant University of Iowa Health Care reported FY2022 revenue of $3.5B and expenses of $3.0B.
Pro forma impact: annual net income increase of $25,995 ($73,215 rent less $47,220 depreciation); Q1 2023 increase of $7,128.
Property is <15% of total assets; acquisition funded from cash received from property sales.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

AEI INCOME & GROWTH FUND 25 LLC completed an acquisition involving AEI Property Corporation for $1,191,265 (closed 2023-08-03).

Action: acquisition
Counterparty: AEI Property Corporation
Consideration: $1,191,265
Closing: 2023-08-03

Exact text from the filing

On August 3, 2023 the Company purchased a 30% interest in the University of Iowa Health in Riverside, Iowa for $1,191,265 from AEI Property Corporation ("APC"), an affiliate of the Company.

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Source: SEC EDGAR

accession 0001185198-23-000004

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