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WPT Industrial wraps up $226M acquisition

|About: WPT Industrial Real Estate ... (WPTIF)|By:, SA News Editor

WPT Industrial REIT (OTCQX:WPTIF) closes on its previously announced acquisition of a portfolio of 13 industrial buildings and three land parcels in multiple markets in the U.S. for US$226M.

Represents going-in capitalization rate of 5.1% and a stabilized capitalization rate of 5.3%.

97.6% leased on total/weighted average.

Previously: WPT Industrial REIT announces agreement to acquire $226M infill logistics portfolio and credit facility amendment (March 26)

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