BRIEF-Automotive Properties announces $35 mln equity offering

Thu Aug 25, 2016 3:29pm EDT
 
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Aug 25 (Reuters) - Automotive Properties Real Estate Investment Trust:

* Automotive Properties Reit announces $35 million equity offering

* Entered agreement to sell 3.3 million units of REIT units on a bought deal basis at $10.50 per unit

* Intends to use proceeds to fund $17.2 million purchase price for previously-announced deal of PFAFF Audi dealership property Source text for Eikon: Further company coverage: