LITTLE ROCK, AR, Feb. 24, 2020 /CNW/ - John S. Bailey and Patricia S. Bailey announced today that they have reorganized the ownership of certain trust units ("Trust Units") of BSR Real Estate Investment Trust (the "REIT") and class B units ("Class B Units") of BSR Trust, LLC previously held by J&P Unit Holding, LLC ("J&P"). Each Class B Unit is redeemable by the holder thereof for cash or one Trust Unit (subject to customary anti-dilution adjustments), as determined by BSR Trust, LLC in its sole discretion.