Deal snapshot: American Finance Trust to Acquire Retail Portfolio.
MANews-(C)2009-2021
US-based real estate investment trust American Finance Trust, Inc. (NASDAQ: AFIN), through its operating partnership, has entered into a definitive agreement to acquire a portfolio of 81 multi-tenant power, anchored and grocery centers from certain subsidiaries of CIM Real Estate Finance Trust, Inc. for USD 1.3bn, the company said.
This price represents a 7.19% cash capitalization rate. The company also said that it...
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