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Bsr Reit Sells Four Noncore Assets For $31.7M

by benzinga.com posted 3weeks ago 8 views
LITTLE ROCK, AR and TORONTO, April 30, 2019 /CNW/ - BSR Real Estate Investment Trust ("BSR" or the "REIT") (TSX:HOM) announced today that it has sold four noncore assets as part of the REIT's portfolio enhancement and capital recycling strategy. The total consideration of $31.7 million exceeded the initial public offering appraised values by $1.3 million or 4.3%. All dollar amounts in this news release are denominated in US currency. The transactions include Briarwood Apartments, built in 1972 with 280 apartment units, and Spring Valley Apartments, built 1975 with 245 apartment units. Both are located in Little Rock, Arkansas.

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