M&A
confidence high
sentiment positive
materiality 0.60
Postal Realty Trust acquires 36 USPS-leased properties from related party for $12.5M
Postal Realty Trust, Inc.
- Acquired 36 properties leased to USPS from CEO family entity for $12.5M cash.
- Properties total 69,000 sq ft; weighted average rent $13.32/sq ft.
- Transaction approved by independent special committee of Board.
- Company expects the acquisition to drive increased shareholder value.