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CommonWealth sells Select Income stake to Government Properties

Jul. 09, 2014 4:13 PM ETEquity Commonwealth (EQC) StockBy: Stephen Alpher, SA News Editor2 Comments
  • Now under new management, CommonWealth REIT (CWH) sells its 22M shares of Select Income REIT (SIR) to Government Properties Income Trust (GOV) and Reit Management & Research (the Portnoys' management company) for $705M.
  • GOV made the bulk of the purchase with 21.5M shares and RMR purchased the other 500K. Both GOV and SIR continue to be managed by RMR.
  • Source: Press Release
  • CWH +6.1%, SIR -1.6% AH

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