STAG Industrial, Inc. cancelled the acquisition of four additional industrial buildings.
January 30, 2016 at 09:30 am IST
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STAG Industrial, Inc. (NYSE:STAG) executed non-binding letters of intent to acquire four additional industrial buildings for $29 million on January 30, 2015. The deal is subject to various conditions, including the negotiation and execution of a definitive purchase and sale agreement.
STAG Industrial, Inc. (NYSE:STAG) cancelled the acquisition of four additional industrial buildings on January 30, 2016.
STAG Industrial, Inc. is a real estate investment trust (REIT), which is focused on the acquisition, ownership and operation of industrial properties throughout the United States. The Companyâs is designed to identify properties for acquisition that offer relative value across all locations, industrial property types, and tenants through the principled application of its risk assessment model. Its primary business objectives are to own and operate a balanced and diversified portfolio of binary risk investments that maximize cash flows available for distribution to its stockholders, and to enhance stockholder value over time by achieving sustainable long-term growth in distributable cash flow from operations per share. The Company owns approximately 569 buildings in 41 states with 112.3 million rentable square feet, consisting of approximately 493 warehouse/distribution buildings, 70 light manufacturing buildings, one flex/office building, and five value add portfolio buildings.
STAG INDUSTRIAL, INC. 
