Plymouth Buys Portfolio for $20.1M, Boosts Cincinnati Presence
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Plymouth Industrial REIT (PLYM) has acquired a portfolio of small bay industrial properties in Cincinnati for $20.1 million, enhancing its presence in the area. The purchase was made below replacement cost, indicating a potentially favorable investment.
December 23, 2024 | 6:00 pm
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Plymouth Industrial REIT has acquired industrial properties in Cincinnati for $20.1 million, expanding its presence in the area. The purchase was made below replacement cost, suggesting a strategic and potentially profitable investment.
The acquisition of properties below replacement cost suggests a strategic investment that could enhance PLYM's asset base and profitability. This move strengthens PLYM's presence in Cincinnati, potentially leading to positive investor sentiment and a short-term stock price increase.
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