AIP Realty Trust Announces Securities Purchase Agreement to Acquire AllTrades Industrial Properties, LLC and Closing of Investment by Plymouth Industrial OP, LP, a subsidiary of Plymouth Industrial REIT, Inc.

Core Viewpoint - AIP Realty Trust is set to acquire AllTrades Industrial Properties, LLC for up to US$78.7 million, aiming to enhance its portfolio of light industrial assets across the Sunbelt States of the U.S. [1][3] Transaction Details - The acquisition will involve cash payments covering AllTrades' indebtedness and transaction expenses, along with the issuance of preferred partnership units valued at 25$2.2 million through the sale of preferred partnership interests to fund the AllTrades acquisition [4][9] - The proceeds from the Plymouth transaction will be used for working capital and costs associated with the AllTrades transaction [9] Governance and Oversight - Independent trustees have reviewed the AllTrades transaction, ensuring compliance with regulations and overseeing the approval process for individual Building Starts [10][11] - The transaction may be classified as a related party transaction due to the involvement of trustees who are also directors of AllTrades [11][12]