Postal Realty acquires 12 USPS-leased properties for $11.53M from CEO-related parties

Postal Realty Trust, Inc.

Portfolio of 12 properties acquired for $11.53M cash, excluding closing costs.
Properties total 58,564 net leasable sq ft; weighted avg rent $15.58/sq ft.
Transaction approved by special committee of independent directors; CEO Andrew Spodek recused.
All properties currently leased to USPS and managed by the Company.

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