Postal Realty Trust Acquires 25-Property Portfolio for $13.87 Million

Reuters12-10
<a href="https://laohu8.com/S/PSTL">Postal Realty Trust</a> Acquires 25-Property Portfolio for $13.87 Million

Postal Realty Trust Inc. has completed the acquisition of a portfolio of 25 properties from members of the family of its CEO, Andrew Spodek. The transaction, totaling approximately $13.87 million in cash excluding closing costs, was conducted under a Right of First Offer Agreement established during the company's initial public offering. The acquired portfolio consists of about 59,000 net leasable interior square feet, with a weighted average rental rate of $17.58 per square foot based on current rents. The purchase was approved by a special committee of independent directors on the company's board.

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