Cohen & Steers Income Opportunities REIT, Inc.: M&A transaction — Cohen & Steers Income Opportunities REIT acquires Village on Pooler Parkway for $37M

Cohen & Steers Income Opportunities REIT, Inc.

Purchase price $37.025M for a 142,000 sq ft fully leased open-air shopping center in Savannah, GA.
Funded via proceeds from Marketplace at Highland Village financing and property-level indebtedness.
Tenants include TJ Maxx, Ross Dress for Less, Michael's, PetSmart, Panera Bread, and others.
Third acquisition overall and second with joint venture partner Sterling Organization.
Company indirectly owns a 99% interest in the property through the JV.

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

Cohen & Steers Income Opportunities REIT, Inc. completed an acquisition involving West Plaza RE Holdings, LLC for $37.025 million, subject to closing costs, customary prorations and escrow arrangements (closed 2024-09-18).

Action: acquisition
Counterparty: West Plaza RE Holdings, LLC
Consideration: $37.025 million, subject to closing costs, customary prorations and escrow arrangements
Closing: 2024-09-18

Exact text from the filing

include retailers and restaurants such as TJ Maxx, Ross Dress for Less, Michael’s, PetSmart, Panera Bread, Buffalo Wild Wings and Jersey Mike’s. The total purchase price was $37.025 million, subject to closing costs, customary prorations and escrow arrangements. The Company funded the acquisition using proceeds from the financing of the Marketplace at Highland

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Source: SEC EDGAR

accession 0001193125-24-221804

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