trending Market Intelligence /marketintelligence/en/news-insights/trending/E_dMJSy7F2lyBbKw2zH0Gw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Everest REIT Investors I offers to buy 1% stake in Strategic Realty

Blog

Message in a (Word)Cloud

Six trends shaping the industries and sectors we cover in 2021

Six trends shaping the industries and sectors we cover in 2021

Blog

CUSIP Request Volume Surges in December, Pushing Full-Year 2020 Volumes Past 2019 Totals


Everest REIT Investors I offers to buy 1% stake in Strategic Realty

Everest REIT Investors I LLC launched a cash tender offer tobuy up to 110,000 shares of StrategicRealty Trust Inc.'s common stock at $4.45 apiece.

The shares subject to the offer make up roughly 1% of the company'soutstanding shares, according to a tender offer statement.

If all shares sought are tendered, consummation of the offerwould require the buyer to pay up to $489,500, for which it has the capital availableand committed.

The offer will expire at 5 p.m. PT on Aug. 19, unless extended.

As of March 20, Strategic Realty had about 3,200 holders of recordowning 11,037,948 common shares. The buyer and its affiliates currently beneficiallyown 100 shares of the REIT.