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ClosedPublished 14 Feb 2022

The Necessity Retail REIT, Inc. /
First Closing Properties

The Necessity Retail REIT adds 44 shopping properties

Price
$547.4m
Stage
Closed
Source · 14 Feb 2022
See the source
01 / BuyerThe Necessity Retail REIT, Inc.
02 / TargetFirst Closing Properties
01

What happened

The Necessity Retail REIT, Inc. completed the first tranche of its portfolio acquisition from certain subsidiaries of CIM Real Estate Finance Trust, Inc. The First Closing Properties include 44 power centers and grocery-anchored retail centers.

The purchase price was $547.4 million, excluding closing costs. The remaining properties were expected to close by the end of the first quarter.

02

The source

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01
Source · Source

The Necessity Retail REIT adds 44 shopping properties

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03

Timeline

Every date the source states, in order. Anything marked ahead is a target the source gives, not something that has happened.

  1. Published by the source

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