M&A - Plymouth Industrial REIT, Inc.

Form Type: 8-K

Filing Date: 2025-06-03

Corporate Action: Acquisition

Type: New

Accession Number: 000117152025000201

Filing Summary: On May 29, 2025, Plymouth Industrial REIT, Inc. entered into a Purchase Agreement with OH I&L LL, LLC to acquire a 21-building industrial property portfolio for $193.0 million. The portfolio encompasses approximately 1.95 million of rentable square feet across Cincinnati, Cleveland, and Columbus markets. The acquisition is anticipated to close by June 18, 2025, subject to customary closing conditions. An earnest money deposit of $3.86 million has been made, and the Purchase Agreement includes standard representations, warranties, covenants, and indemnities. Should the Seller fail to perform its obligations, Plymouth may terminate the Agreement or enforce specific performance. The report also contains forward-looking statements regarding the potential purchase, highlighting risks that may affect the closing of the acquisition.