BRIEF-Agellan Commercial Real Investment Trust announces us$15.8 million U.S. Property acquisition

Fri Aug 12, 2016 6:29pm EDT
 
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Aug 12 (Reuters) - Agellan Commercial Real Investment Trust

* Has negotiated long term mortgage representing approximately 60% of purchase price, with a fixed rate of 3.70% per annum

* Agellan commercial real estate investment trust announces us$15.8 million U.S. Property acquisition

* Expects to finance acquisition in part with proceeds from public unit offering, long term mortgage financing Source text for Eikon: Further company coverage: