Plymouth Industrial REIT Executes Value-Add Initiatives in Recently Acquired Memphis Logistics Portfolio
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Plymouth Industrial REIT has sold a 33,688-square-foot flex building in Memphis for $2.4 million. This building was part of a larger portfolio acquired in July 2024 for $100.5 million.
February 05, 2025 | 12:15 pm
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Plymouth Industrial REIT sold a flex building in Memphis for $2.4 million, part of a portfolio acquired for $100.5 million in 2024. This sale is part of their value-add initiatives.
The sale of the building is a positive move for Plymouth Industrial REIT as it demonstrates their ability to execute value-add initiatives and potentially improve their financial position. This could lead to a positive short-term impact on their stock price.
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IMPORTANCE 70
RELEVANCE 100