On January 25, 2013, Agellan Commercial REIT acquired a portfolio consisting of industrial, office and retail properties in select target markets in the United States and Canada. The REIT currently owns a portfolio of 24 properties located in the United States and Canada comprising 18 industrial properties containing 2.8 million square feet of GLA, five office properties containing 1.5 million square feet of GLA and one retail property containing 45 thousand square feet of GLA.
The REIT’s objectives are to:
(i) provide Unitholders with stable, predictable and growing cash distributions on a tax-efficient basis;
(ii) enhance the value of the REIT’s assets and maximize long-term Unitholder value through active management; and
(iii) expand the asset base of the REIT and increase the REIT’s AFFO per Unit, including through accretive acquisitions.