News about Elite Commercial REIT —
Elite Commercial REIT is announcing it's first asset acquisition, a portfolio of 58 British properties sold by its sponsor for a total of £212.5 million. Primarily occupied by UK government entities, the fully-leased properties have a long WALE of 7.4 years and are mostly freehold.
Financing will be done through debt and the issuance of new units. The manager expects the operation be to DPU accretive.