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The property was part of a multi-property acquisition strategy, across multiple states, to fulfill the buyer's 1031 exchange requirement, Hanley Investment Group Real Estate Advisors states.
Kroll Bond Rating Agency says the REIT sector is finding its “mojo,” and REIT debt-to-market leverage reached record lows by mid-year 2018, declining to a median of 30.2% for public and private note issuers.
CBRE/New England, combined with the Purpura-led team, manages more than 100 million square feet of commercial property and corporate facilities and has more than 1,200 employees.