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GTJ REIT boosts credit facility to $88M

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GTJ REIT boosts credit facility to $88M

GTJ REIT Inc., its operating partnership and certain of its subsidiaries and/or affiliates amended an existing credit agreement to boost the total commitment to $88 million from $50 million.

The increased commitment of $38 million may only be used to buy certain properties specified in the amended facility and to pay closing costs.

The amended agreement also extends the facility's due date to Feb. 28, 2018, from Dec. 1, with a conditional option through June 30, 2019.

KeyBank NA is among the lenders.