Postal Realty Trust Closes $27.75 Million Purchase of 72 USPS-Leased Properties
Postal Realty Trust has closed a $27.75 million acquisition of 72 USPS-leased properties from CEO-affiliated entities, paying $25.75 million in cash. The portfolio is 100% occupied, with about 148,334 net rentable square feet and roughly 144,731 leased to USPS. The deal was approved by an independent special board committee and is expected to be immediately accretive.