By Chris Wack
Net Lease Office Properties shares were up 10% to $19.07 after the company said it sold four U.S. office properties during December for proceeds totaling about $43.1 million.
W.P. Carey spun off Net Lease in November.
Properties sold were located in Tucson, Ariz.; Dearborn, Mich.; Plymouth , Mich.; and Eagan, Mich.
Proceeds after closing costs, together with funds from other sources, were used to repay $46 million on J.P. Morgan’s senior secured mortgage and $6 million on its mezzanine loan.
Write to Chris Wack at [email protected]
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