BRIEF-Artis REIT to acquire portfolio of office properties in Madison, Wisconsin

Wed Jun 8, 2016 4:41pm EDT
 
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June 8 (Reuters) - Artis Real Estate Investment Trust

* Artis REIT announces acquisition of U.S. office portfolio, $100 million equity offering, proposed redemption of Series F debentures and provides update on other recent developments

* Artis Real Estate Investment Trust says purchase price for Madison Acquisition is US$260.0 million

* Artis Real Estate Investment Trust says to sell to, on a bought deal basis, 7.6 million trust units at a price of $13.20 per unit

* Artis Real Estate Investment Trust says intends to use net proceeds of offering to finance a portion of purchase price for Madison acquisition

* Artis real estate investment trust says acquisition is expected to be immediately accretive to reit's funds from operations and AFFO Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)