by angleblue63 » Wed Nov 14, 2012 10:00 pm
REBO also said that the purchase price equated to an 8.09 percent capitalization rate, but it was not clear whether the 8.09% cap rate was a going forward "pro-forma" cap rate, or an 8.09% cap rate on in place numbers. If the 8.09% cap rate was on in place numbers, and if the purchase price included all of TNP's acquisition costs and fees, then this would clearly be an accretive acquisition for the REIT. If not, then more of the same...