Strategic Realty Trust, Inc.: M&A transaction — Strategic Realty Trust sells San Francisco assets for $10.9M; repays loan

Strategic Realty Trust, Inc.

Five retail properties sold to HFGO Investors (Moran Capital affiliate) on Sept 12, 2024 for $10.9M cash.
Net proceeds of $9.8M used to partially repay PHP Holding Company VI loan; balance now ~$8.1M secured by Silverlake Collection.
San Francisco assets released from deed of trust; pro forma net assets in liquidation unchanged at $4.27M.
Sale includes 400 Grove, 8 Octavia, Fulton Shops, 450 Hayes, and 388 Fulton.

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

Strategic Realty Trust, Inc. completed a disposition involving HFGO Investors, LLC, an affiliate of Moran Capital LLC for approximately $10.9 million in cash, before customary closing and transaction costs (closed 2024-09-12).

Action: disposition
Counterparty: HFGO Investors, LLC, an affiliate of Moran Capital LLC
Consideration: approximately $10.9 million in cash, before customary closing and transaction costs
Closing: 2024-09-12

Exact text from the filing

On September 12, 2024, the Company consummated the disposition of the San Francisco Assets for approximately $10.9 million in cash, before customary closing and transaction costs.

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Source: SEC EDGAR

accession 0001446371-24-000029

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