BRIEF-Allied To Acquire Ownership Interest In 400 West Georgia And Increase Ownership Interest In 19 Duncan-February 2024-www.financetom.com

BRIEF-Allied To Acquire Ownership Interest In 400 West Georgia And Increase Ownership Interest In 19 Duncan

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BRIEF-Allied To Acquire Ownership Interest In 400 West Georgia And Increase Ownership Interest In 19 Duncan

Mar 11, 2024 2:23 PM

March 11 (Reuters) - Allied Properties Real Estate

Investment Trust:

* ALLIED TO ACQUIRE OWNERSHIP INTEREST IN 400 WEST GEORGIA

AND

INCREASE OWNERSHIP INTEREST IN 19 DUNCAN

* ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST - TO

CONVERT

$130.5 MILLION OF MEZZANINE LOAN TO EQUITY FOR 90% UNDIVIDED

INTEREST IN 400 WEST GEORGI

* ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST -

TRANSACTION

WILL BE BASED ON A TOTAL PROPERTY VALUE OF $395 MILLION

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