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

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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.