DCT Industrial Trust Inc.® Under Contract to Sell Entire Mexico Portfolio
DCT Industrial TrustInc.®Under Contract to Sell Entire Mexico Portfolio
DENVER--(BUSINESS WIRE)-- DCT Industrial Trust Inc. ® (NYS: DCT) , a leading industrial real estate company, today announced it has entered into a contract to sell its entire portfolio of Mexico assets to an investment trust of Macquarie Mexican REIT. The agreement provides for a sale price of $82.7 million and is expected to close in the late third or early fourth quarter, 2013. Purchaser has completed due diligence but the transaction remains subject to certain closing conditions.
About DCT Industrial Trust Inc.®
DCT Industrial Trust Inc. is a leading industrial real estate company specializing in the acquisition, development, leasing and management of bulk distribution and light industrial properties in high-volume distribution markets in the U.S. and Mexico. As of March 31, 2013, the Company owned interests in approximately 74.5 million square feet of properties leased to approximately 880 customers, including 14.2 million square feet operated on behalf of four institutional capital management partners. Additional information is available at www.dctindustrial.com.
DCT Industrial Trust Inc.
Melissa Sachs, VP Corporate Communications & Investor Relations
KEYWORDS: United States Mexico North America Central America Colorado
The article DCT Industrial Trust Inc.® Under Contract to Sell Entire Mexico Portfolio originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.