- Pebblebrook Hotel Trust (NYSE:PEB) monetized 14 rooftop wireless leases, including the assignment of future wireless rooftop leases, through the granting of long-term easements at 11 properties.
- The transaction generated net proceeds of $12.0M and reflects a 5.5% net income cap rate based on estimated 2020 operating results.
- The net proceeds will be utilized for general business purposes, including reducing the Company’s outstanding debt.
- Press Release
Pebblebrook Hotel Trust reports $12M monetization of rooftop wireless leases
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