Feb 22 Pure Industrial Real Estate Trust

* Pure Industrial Real Estate Trust announces core Houston acquisition and a $ 150 million unsecured credit facility

* Pure Industrial Real Estate Trust – deal for $ 83.2 million

* Pure Industrial Real Estate Trust – assets are expected to be financed with a new mortgage following closing for approximately 50% of purchase price

* Pure Industrial Real Estate Trust – trust will acquire Houston acquisition using cash on hand and its existing operating line

* Pure Industrial Real Estate Trust – deal immediately accretive to adjusted funds from operations

* Pure Industrial Real Estate Trust – new $ 150 million facility will replace trust’s current $ 110 million secured credit facility and have a three-year term

* Pure Industrial Real Estate Trust – will have option to increase new facility up to an additional $ 100 million for a total facility limit of $ 250 million Source text for Eikon: Further company coverage:


UnsecuredCredit – BingNews