Gramercy Property Trust agrees to purchase $331 mln, 9-property industrial portfolio [Reuters]
GRAMERCY PROPERTY TRUST (GPT)
Last gramercy property trust earnings: 4/30 05:17 pm
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Source: Reuters
Gramercy Property Trust agrees to purchase $331 mln, 9-property industrial portfolioAug 30 (Reuters) - Gramercy Property Trust :Gramercy Property Trust agrees to purchase $331 million, 9-property industrial portfolio.Gramercy Property Trust says ?company will assume $137 million of in-place debt, and will issue $133 million in OP units to fund acquisition?.Gramercy Property Trust- OP unit price will be based on a 30-day VWAP as of August 29, 2017, or $29.56 per share.Gramercy Property Trust - acquiring portfolio at 6.3% cash capitalization rate.
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