m_and_a
confidence high
sentiment neutral
materiality 0.40
Postal Realty closes $13.87M cash acquisition of 25 properties from CEO's family
Postal Realty Trust, Inc.
- Acquired 25 properties for ~$13.87M cash from family members of CEO Andrew Spodek.
- Portfolio totals ~59,000 net leasable sq ft at $17.58/sq ft weighted avg rent.
- Transaction approved by special committee of four independent directors.
- Deal executed under Right of First Offer Agreement from IPO and formation.
item 8.01