On a pro forma basis as at Sept 30, the portfolio's weighted average remaining land lease will improve from 43.3 years to 44.8 years.
ESR-REIT plans to sell 8 properties for $338.1 million to entities managed by Brookfield Asset Management at a slight premium of 2% above valuation.
Assuming all net proceeds are used to repay existing debt, ESR-REIT's pro forma aggregate leverage as at Dec 31 2024, will decrease from 42.8% to 39.2%.
