Item 2.01. Completion of Acquisition or Disposition of Assets.
On June 21, 2021, Cedar Realty Trust, Inc. (the "Company") through one of its
subsidiaries completed the sale to an unaffiliated third party of the Camp Hill
Shopping Center, a 423,671 square foot grocery-anchored shopping center located
in Camp Hill, Pennsylvania. The gross sales price for the property was
approximately $89.7 million, before customary closing and transaction
costs. The Company expects to record an aggregate gain of approximately
$49 million in the second quarter of 2021 in connection with the sale of the
Camp Hill property. There were no material relationships among the Company, the
buyer, or any of their respective affiliates.
Item 9.01. Financial Statements and Exhibits.
(b) Pro forma financial information.
The pro forma financial information of the Company as adjusted to give effect to
the sale of Camp Hill Shopping Center is presented in the unaudited pro forma
condensed consolidated financial statements filed as Exhibit 99.1 to this
Current Report on Form 8-K and incorporated herein by reference.
(d) Exhibits
99.1 Unaudited Pro Forma Condensed Consolidated Financial Statements
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses