Strategic Realty Trust, Inc. signed a purchase and sale agreement to acquire Silver Lake Property from 9 Mile Investments for $13.3 million.
January 10, 2017
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Strategic Realty Trust, Inc. signed a purchase and sale agreement to acquire Silver Lake Property from 9 Mile Investments for $13.3 million on November 21, 2016. The purchase price is subject to customary closing costs and proration adjustments. Strategic Realty Trust, Inc. funded the purchase using borrowings under revolving credit facility with KeyBank. Philip D. Voorhees, Todd Goodman, Preston Fetrow, Kirk Brummer, Megan Wood, Matt Burson, Jimmy Slusher and John Read of CBRE and its National Retail Partners - West team represented the seller. Buyer was also represented by CBRE's NRP-West.
Strategic Realty Trust, Inc. completed the acquisition of Silver Lake Property from 9 Mile Investments on January 11, 2017.
Strategic Realty Trust, Inc. is a real estate investment trust (REIT). The Company invests in and manages a portfolio of income-producing retail properties located in the United States. The Companyâs business is conducted through Strategic Realty Operating Partnership, L.P. It owns substantially all of its assets and conducts its operations through its operating partnership, of which it is the sole general partner. Its property portfolio includes six retail properties, comprising an aggregate of approximately 27,000 square feet of multi-tenant, commercial retail space located in California. Its properties include 400 Grove Street, 8 Octavia Street, Fulton Shops, 450 Hayes, 388 Fulton and Silver Lake.
STRATEGIC REALTY TRUST, INC. 
