PHILLIPS EDISON GROCERY CENTER REIT I, INC. DEFA 14AAcquisition Agreement • May 26th, 2017 • Phillips Edison Grocery Center Reit I, Inc. • Real estate investment trusts
On May 18, 2017, Phillips Edison Grocery Center REIT I, Inc. (“PECO I”) entered into an agreement with Phillips Edison Limited Partnership (“PELP”), to acquire certain real estate assets and the third-party asset management business of PELP, its sponsor and external advisor. The closing of the acquisition is expected to occur in the fourth quarter of 2017, subject to, among other items, the approval of PECO I stockholders, regulatory approvals and other customary closing conditions. Although not required by law or under the governing documents of PECO I or PELP, both companies intend to obtain an investor vote to approve the proposed acquisition.
PHILLIPS EDISON GROCERY CENTER REIT I, INC. DEFA 14AAcquisition Agreement • May 26th, 2017 • Phillips Edison Grocery Center Reit I, Inc. • Real estate investment trusts
On May 18, 2017, Phillips Edison Grocery Center REIT I, Inc. (“PECO I”) entered into an agreement with Phillips Edison Limited Partnership (“PELP”), to acquire certain real estate assets and the third-party asset management business of PELP, its sponsor and external advisor. The closing of the acquisition is expected to occur in the fourth quarter of 2017, subject to, among other items, the approval of PECO I stockholders, regulatory approvals and other customary closing conditions. Although not required by law or under the governing documents of PECO I or PELP, both companies intend to obtain an investor vote to approve the proposed acquisition.
