trending Market Intelligence /marketintelligence/en/news-insights/trending/VcQ5FED4SiyUtbCyueZlHQ2 content esgSubNav
In This List

Urban Edge operating partnership to acquire stake in NY shopping center

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective

Blog

Real Estate News & Analysis: May Edition


Urban Edge operating partnership to acquire stake in NY shopping center

Urban Edge Properties' operating partnership agreed to acquire a stake in a New York shopping center from a third party, in exchange for about $51.7 million of the operating partnership's newly issued common limited partnership units.

Beginning one year after issuance of the units, the unit holders will have the option of redeeming the units for cash or common shares of the company's beneficial interest on a 1-for-1 basis, subject to certain adjustments.

The deal is set to close in January 2017.