Plymouth Buys Portfolio for $20.1M, Boosts Cincinnati Presence

In an effort to expand its presence in the Cincinnati market, Plymouth Industrial REIT (PLYM) has shelled out $20.1 million for the acquisition of a portfolio of mainly small-bay industrial properties. It comprises nine buildings and aggregates 258,082 square feet of space.With the purchase price equating to an anticipated initial NOI yield of 6.8%, this acquisition marks a solid addition to the company’s already strong presence in the Cincinnati market that will now aggregate more than 3 million square fee ...