ClosedPublished 25 Apr 2022

The Necessity Retail REIT /
five properties

The Necessity Retail REIT acquires another tranche of CIM Portfolio properties

Price
$49.9m
Stage
Closed
Source · 25 Apr 2022
01 / BuyerThe Necessity Retail REIT
02 / Targetfive properties
01

What happened

The Necessity Retail REIT, Inc. acquired five properties from subsidiaries of CIM Real Estate Finance Trust, Inc. on April 22, 2022. The properties include three power centers and grocery-anchored multi-tenant retail centers, along with two single-tenant retail properties.

The purchase price was $49.9 million, excluding closing costs.

02

The source

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01
Source · Source

The Necessity Retail REIT acquires another tranche of CIM Portfolio properties

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03

Timeline

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  1. Closed

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  2. Published by the source

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