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The cash and stock merger deal, which was announced on May 2, is expected to close on Sept. 7. The deal values MTGE at $19.65 per share of MTGE common stock based on the closing price of Annaly's common stock on April 30, 2018.
The properties, which are approximately 40 miles north of Nashville, are: Heritage Point, Blue Grass Meadows, Parkway Place, Cobblestone, Newton Place, Whitehall Townhomes and Whispering Hills.
The retirement and downsizing of Baby Boomers coupled with the continued emergence of Millennials will support the need for self-storage space in the coming years, providing a positive long-term tailwind.
The new tax plan includes several changes to carried interest, and if you are issued profits, you need to establish holding periods as soon as possible.