July 25, 2017 / 9:25 PM / a month ago

BRIEF-Pure Industrial announces $365 mln of strategic acquisitions and $200 mln equity financing

July 25 (Reuters) - Pure Industrial Real Estate Trust

* Pure Industrial Real Estate Trust announces $365 million of strategic acquisitions and $200 million equity financing

* Pure Industrial Real Estate Trust - acquisitions to be immediately accretive to trust's adjusted funds from operations per unit on a leverage neutral basis

* Trust may subsequently place new mortgage financing on certain of properties following closing

* Pure Industrial Real Estate Trust - to sell to 31.25 million trust units at a price of $6.40 per unit​

* Pure Industrial Real Estate Trust - intends to use net proceeds from financing to fund portion of purchase price of acquisitions

* Pure Industrial Real Estate Trust - balance of purchase price is intended to be paid using cash on hand and trust's unsecured operating line

* Pure Industrial Real Estate Trust - acquisitions represent three separate transactions, comprising eight distribution and logistics facilities Source text for Eikon: Further company coverage:

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