Postal Realty Trust, Inc. acquired 216 Properties Comprising Approximately 599,000 Net Leasable Interior Square Feet for $87 million.
August 01, 2022
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Postal Realty Trust, Inc. (NYSE:PSTL) acquired 216 Properties Comprising Approximately 599,000 Net Leasable Interior Square Feet for $87 million on July 29, 2022.
Postal Realty Trust, Inc. (NYSE:PSTL) completed the acquisition of 216 Properties Comprising Approximately 599,000 Net Leasable Interior Square Feet on July 29, 2022.
Postal Realty Trust, Inc. is an internally managed real estate investment trust (REIT). The Company conducts its business through an Umbrella Partnership REIT (UPREIT) structure in which its properties are owned by its Postal Realty LP (Operating Partnership) directly or through limited partnerships, limited liability companies or other subsidiaries. It is focused on acquiring and managing properties leased primarily to the United States Postal Service (the USPS), ranging from last-mile post offices to industrial facilities. The Company owns and manages over 1,509 properties leased primarily to the USPS. Its property types include flex, industrial and last mile. The properties are located in 49 states and one territory, totaling approximately 5.9 million net leasable interior square feet in the aggregate. The Company provides fee-based third-party property management services for an additional 397 properties. Its properties include Bishopville, Gray, Michigamme, Pauline, and others.
POSTAL REALTY TRUST, INC. 
