Reuters logo
BRIEF-R&R REIT ANNOUNCES $35 MLN PORTFOLIO ACQUISITION
May 2, 2017 / 7:38 PM / 5 months ago

BRIEF-R&R REIT ANNOUNCES $35 MLN PORTFOLIO ACQUISITION

May 2 (Reuters) - R&R Real Estate Investment Trust :

* R&R REIT ANNOUNCES US$35.0 MILLION PORTFOLIO ACQUISITION

* R&R REAL ESTATE INVESTMENT TRUST - ACQUISITION IS EXPECTED TO BE IMMEDIATELY ACCRETIVE TO FFO AND ADJUSTED FUNDS FROM OPERATIONS PER UNIT OF REIT

* R&R REAL ESTATE INVESTMENT TRUST - ACQUISITION MUST BE APPROVED BY AFFIRMATIVE VOTE OF A MAJORITY OF MINORITY REIT UNITHOLDERS

* R&R REAL ESTATE INVESTMENT TRUST - INDEPENDENT TRUSTEES OF REIT UNANIMOUSLY RECOMMEND THAT UNITHOLDERS VOTE IN FAVOR OF ACQUISITION

* R&R REAL ESTATE INVESTMENT TRUST - TO ACQUIRE NINE ECONOMY EXTENDED-STAY HOTELS LOCATED IN U.S. FOR AGGREGATE PURCHASE PRICE OF US$35.0 MILLION Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below