The transaction price of $25.9 million is at a premium of 22.2% over the REIT's initial investment cost.
First REIT has sold a hospitality property for $25.9 million to buyers controlled by the Riady family in what is deemed an interested party transaction.
The Imperial Aryaduta Hotel & Country Club (IAHCC) has been deemed non-core within First REIT's largely hospital portfolio.
