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Liberty Sells Non-Core Assets
Posted on April 04, 2012 at 19:05 PM EDT
Liberty Property Trust (NYSE:LRY), a real estate investment trust (REIT), has recently completed the divesture of 49 non-core assets for approximately $195 million. Spanning 2.5 million square feet of space, the divested properties were located in diverse markets, including Wisconsin, Maryland, Virginia, North Carolina and New Jersey. The sold properties that were 83% leased at [...]

Liberty Property Trust (NYSE:LRY), a real estate investment trust (REIT), has recently completed the divesture of 49 non-core assets for approximately $195 million. Spanning 2.5 million square feet of space, the divested properties were located in diverse markets, including Wisconsin, Maryland, Virginia, North Carolina and New Jersey.
The sold properties that were 83% leased at the close of the transaction comprised primarily of single-story and mid-rise office buildings and high-finish flex … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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