FREIT Closes on Sale of Franklin Crossing Shopping Center
FREIT sold the Franklin Crossing shopping center for $27 million, generating net proceeds of $25.4 million and a net gain of $19.5 million. This divestiture aligns with the REIT's strategy to maximize asset value in the New Jersey and New York markets.
AI-generated summary for informational purposes only. Always verify against the original filing. Not investment advice. BriefTape is not a registered investment adviser.
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