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BRIEF-Automotive Properties REIT Announces $101.3 Mln Property Portfolio Acquisition

Published 2018-12-07, 07:40 a/m
Updated 2018-12-07, 07:50 a/m
© Reuters.  BRIEF-Automotive Properties REIT Announces $101.3 Mln Property Portfolio Acquisition

© Reuters. BRIEF-Automotive Properties REIT Announces $101.3 Mln Property Portfolio Acquisition

Dec 7 (Reuters) - Automotive Properties Real Estate Investment Trust APR_u.TO :

* AUTOMOTIVE PROPERTIES REIT ANNOUNCES $101.3 MILLION OTTAWA AND KINGSTON PROPERTY PORTFOLIO ACQUISITION

* AUTOMOTIVE PROPERTIES REIT - REIT'S GLA WILL INCREASE BY APPROXIMATELY 18% AND PORTFOLIO WILL CONSIST OF 54 INCOME-PRODUCING PROPERTIES

* AUTOMOTIVE PROPERTIES REAL ESTATE INVESTMENT TRUST - REIT WILL FUND ACQUISITION PURCHASE PRICE THROUGH DRAWS ON ITS CREDIT FACILITIES

* AUTOMOTIVE PROPERTIES REIT - TWO OF REIT'S SENIOR LENDERS HAVE AGREED TO INCREASE AMOUNT AVAILABLE UNDER REIT'S CREDIT FACILITIES BY $110.0 MILLION

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