January 17, 2017 / 10:05 PM / 8 months ago

BRIEF-Automotive Properties REIT announces $40 mln equity offering

Jan 17 (Reuters) - Automotive Properties Real Estate Investment Trust :

* Says offering of 3.70 million units priced at C$10.85/unit

* Automotive Properties REIT announces $40 million equity offering

* Intends to use net proceeds from offering to reduce outstanding indebtedness under credit facility

* Since beginning of Q4 , co has drawn on credit facility to fund acquisition of 2 properties for purchase price of $35.2 million Source text for Eikon: Further company coverage:

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