Announced
Completed
Financials
Tags
United States
Majority
Public
Demerger
office properties
Commercial REITs
Domestic
Spin Off
Friendly
Single Bidder
Real Estate
Completed
Synopsis
W. P. Carey, a real estate investment trust, completed the spin-off of a 59 office properties portfolio into an independent and publicly-traded company. As a separate company, NLOP will pursue a business plan focused on realizing value for its shareholders primarily through the strategic asset management and disposition of its property portfolio over time. It is anticipated that NLOP will pay distributions to its shareholders from its operating cash flows and disposition proceeds, after first repaying its obligations under the new debt facility.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.