simarik
- SITE Centers (NYSE:SITC) sold 11 wholly owned properties for a total of $552.7M so far in Q3 and acquired four convenience shopping centers for a total of $88.0M, the REIT said on Thursday.
- The acquired sites include Crocker Commons in Cleveland, OH; Maple Corner in Nashville, TN; Village Plaza in Houston, TX; and Brookhaven Station in Atlanta, GA.
- As previously disclosed, SITE Centers (SITC) closed and funded a $530M mortgage facility secured by 23 properties, repaid its outstanding $200M unsecured term loan, ended its $950M revolving credit facility, and completed a one-for-four reverse split of its common shares.
- In August, the company redeemed all outstanding senior unsecured notes and has no remaining outstanding unsecured debt.
- SITC stock was little changed in after-hours trading.
