One Liberty Properties Inc. has announced plans to divest its interest in The Vue, a multi-family project located in Beachwood, Ohio. A contract was entered into on September 10, 2025, with a buyer who has already deposited $2.5 million into escrow. The company has not generated rental income from this property in recent years and expects the transaction to finalize in the fourth quarter of 2025. Net proceeds from the sale, including a related lawsuit settlement, are estimated to range between $18.5 million and $19 million, with an anticipated gain of approximately $100,000. Additionally, One Liberty Properties recently sold a non-industrial property in Newark, Delaware, for $6.8 million, yielding an estimated net gain of $3.2 million. Post these transactions, about 80% of the company's rental income for the upcoming year will be sourced from industrial tenants.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. One Liberty Properties Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-086864), on September 11, 2025, and is solely responsible for the information contained therein.
Comments