other material
confidence high
sentiment neutral
materiality 0.50
Sells Haverty Furniture property for $6.0M; records $3.2M gain, pays down debt
ONE LIBERTY PROPERTIES INC
- Gross sale price of $6.0M on Haverty Furniture property; estimated gain of $3.2M.
- Net proceeds of ~$6.0M will be used to reduce credit facility debt (currently ~$20M outstanding).
- Property located in Duluth, Georgia; sale completed on May 31, 2023.