{"id":22701,"date":"2018-10-02T07:10:44","date_gmt":"2018-10-02T11:10:44","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&p=22701"},"modified":"2021-02-11T15:23:43","modified_gmt":"2021-02-11T20:23:43","slug":"highlands-reit-sells-longview-washington-property-for-38-3-million","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/highlands-reit-sells-longview-washington-property-for-38-3-million\/","title":{"rendered":"Highlands REIT Sells Longview, Washington Property for $38.3 Million"},"content":{"rendered":"
September 28, 2018 | James Sprow | Blue Vault<\/p>\n
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On September 24, 2018, Highlands REIT, Inc. completed the sale of its Triangle Center property a 260,627 square-foot retail property located in Longview, Washington, for a gross sale price of $38.3 million (before certain credits, prorations and closing costs). The property was sold to Village Square Associates II, LLC, a buyer unaffiliated with the Company. This transaction is not otherwise considered material to the Company.<\/p>\n
The Triangle Center property was transferred to Highlands REIT Inc. in April 2016 in the spin-off of Highlands REIT by InvenTrust Properties.\u00a0 It was originally purchased by InvenTrust Properties in December 2005 for $40.0 million.\u00a0 It was carried on the books of Highlands REIT as of December 31, 2017, at $40.9 million, with accumulated depreciation of $12.0 million.\u00a0<\/p>\n
Sources:\u00a0 SEC<\/span><\/em><\/p>\n <\/p>\n <\/p>\n <\/p>\n Learn more about Inland Real Estate Investment Corporation<\/a> on the Blue Vault Sponsor Focus page<\/p>\n <\/p>\n <\/p>\n <\/p>\n Inland Residential Properties Trust Announces Liquidation Plans<\/a><\/p>\n InvenTrust Completes Dutch Auction Self-Tender Offer for over 46 Million Shares<\/a><\/p>\n