M&A
confidence high
sentiment neutral
materiality 0.65
Cantor Fitzgerald Income Trust OP buys 9 Walgreens properties for $50.1M in units
Cantor Fitzgerald Income Trust, Inc.
- OP issued 865,711 Class I OP units to acquire 100% of WAG MH, owner of nine Walgreens properties.
- Portfolio valued at $50.1M per independent appraisal; encumbered by $32.6M loan at 4.59% due 2031.
- Leases on all properties expire November 2036; Walgreen Co is tenant.
- December 2024 distribution of $0.1313/share ($1.55 annualized) declared, payable Jan 7, 2025.