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Stock impact report

Plymouth Industrial REIT Expands Portfolio in Atlanta and Cincinnati

Plymouth Industrial REIT, Inc. (PLYM) 
NASDAQ:AMEX Investor Relations: ir.plymouthreit.com
Company Research Source: GlobeNewswire
BOSTON, March 20, 2025 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) (the “Company”) today announced it has acquired the second tranche of the previously announced Cincinnati small bay industrial portfolio consisting of four buildings totaling 240,578 square feet for $17.9 million, representing an initial estimated net operating income (“NOI”) yield of 7.0%. The portfolio is 100% leased to ten tenants, with a weighted average remaining lease term of 3.5 years. The Company also acquired a 263,000-square-foot warehouse facility in Cincinnati for $23.3 million, equating to an initial estimated NOI yield of 6.7%. The facility is 100% leased to a single tenant with a remaining lease term of 6.6 years and annual rent increases of 3.25%. In Atlanta, the Company purchased Madison International’s 98% joint venture interest in a 297,583 square-foot warehouse facility for $23.9 million, which equates to an initial estimated NOI yield of 6.8%. The building is leased to a sing Show less Read more
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