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BRIEF-American Assets Trust enters into agreement to acquire the Pacific Ridge Apartments in San Diego
March 27, 2017 / 8:41 PM / 8 months ago

BRIEF-American Assets Trust enters into agreement to acquire the Pacific Ridge Apartments in San Diego

March 27 (Reuters) - American Assets Trust Inc -

* Enters into purchase agreement to acquire the Pacific Ridge Apartments in San Diego, California

* Purchase price is approximately $232 million

* Says purchase price to be paid with a combination of cash on hand and funds drawn against company’s existing credit facility

* Transaction is being structured to accommodate a possible tax deferred exchange Source text for Eikon: Further company coverage:

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