Storage Post, Inc. entered into a conditional purchase and sale agreement to acquire Elizabeth Self-Storage and Perth Amboy Self-Storage from United Hampshire US Real Estate Investment Trust (SGX:ODBU) for $49 million on February 23, 2022. United Hampshire US REIT said it would use the net proceeds to fund potential higher yielding acquisitions, finance capital expenditure repay existing debts and/or for other general corporate requirements. Storage Post, Inc. to further extend the Due Diligence Period to 18 April 2022.
The Manager wishes to announce that the Purchaser and the vendors of the Properties have on 18 April 2022 entered into a supplemental agreement to the PSA (the "Supplemental Agreement") to amend and supplement the terms of the Divestment. Pursuant to the Supplemental Agreement, the Purchaser and the vendors have mutually agreed that the Sale Consideration for the Divestment shall be revised from $49 million to $45.5 million

Storage Post, Inc. completed the acquisition of Elizabeth Self-Storage and Perth Amboy Self-Storage from United Hampshire US Real Estate Investment Trust (SGX:ODBU) on June 22, 2022. J.P. Morgan provided the funding to close the deal. Newmark Group Inc. was Seller's brokerage firm led by Aaron Swerdlin and Taucha Hague.