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Plymouth Industrial to offer up to $30M shares

Industrial real estate investment trust Plymouth Industrial REIT Inc. filed a prospectus for the sale of $30.0 million in shares of its common stock.

The proposed maximum aggregate offering price was estimated solely for the purpose of calculating the registration fee.

The company plans to funnel the net proceeds from any potential sales to its operating partnership, which will use them for the repayment of debt, purchase of further industrial properties, capital expenditures, working capital and other general purposes.