Postal Realty Trust (PSTL) to Acquire $15.5 Million Portfolio



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    Postal Realty Trust, Inc. (NYSE: PSTL) (the “Company”), an internally managed real estate investment trust that owns properties leased to the United States Postal Service (“USPS”), announced it has entered into a definitive agreement with an unrelated third party to acquire a portfolio (“Portfolio”) of 22 properties leased to the US Postal Service for approximately $15.5 million.

    The Portfolio is comprised of approximately 91,900 net leasable interior square feet and upon acquisition will generate a weighted average rental rate of $15.60 per square foot. As part of the consideration for the Portfolio, the Company expects to issue approximately $8.2 million of OP uni ...

     

     

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