STAG Industrial sells two properties for M
Kwarkot/iStock via Getty Images STAG Industrial (NYSE:STAG) completed the sale of two fully occupied industrial real estate properties for gross pr...
Kwarkot/iStock via Getty Images STAG Industrial (NYSE:STAG) completed the sale of two fully occupied industrial real estate properties for gross proceeds of ~$82.0M, part of its strategy to accretively recycle capital as opportunities arise through the remaining of the year. The sale price represents a cash capitalization rate of 5.2%. Comprised of ~1.0M square feet the buildings are located in Dayton, Ohio, and Greenwood, Indiana. The REIT bought the Dayton building in 2017 and the Greenwood property in 2018 for a total of $63.