M&A - Plymouth Industrial REIT, Inc.

Form Type: 8-K

Filing Date: 2025-06-20

Corporate Action: Acquisition

Type: New

Accession Number: 000117152025000213

Filing Summary: Plymouth Industrial REIT, Inc. announced the completion of an acquisition on June 18, 2025. The Company acquired a 21-building industrial property portfolio for a total purchase price of $193.0 million. This acquisition was funded through borrowings under the Company’s unsecured revolving credit facility. The portfolio consists of approximately 2.1 million square feet of rentable space. Additional information regarding this acquisition is detailed in a prior Current Report on Form 8-K that was filed on June 3, 2025. The required financial statements and pro forma financial information related to the acquired properties will be filed as soon as practicable, but no later than 71 days after this initial report.

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.