BRIEF-Edgefront Real Estate Investment Trust to purchase Ontario Industrial Property

Wed Jul 27, 2016 5:23pm EDT
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July 28 (Reuters) - Edgefront Real Estate Investment Trust

* Edgefront Reit to purchase Ontario Industrial Property

* Deal purchase price of $8.4 million

* Purchase price will be satisfied by issuance to vendor of $1.9 million of units at price of $1.90 per unit and $6.5 million in cash

* Purchase price of $8.4 million represents a going in cap rate of 7.5%. Source text for Eikon: Further company coverage: