The preferential offering units were underwritten and offered on the basis of 214 new units for every 1,000 existing units.
IREIT Global has raised approximately $126.7 million through a placement of 11.37 million new units to new investor Bond Capital Partners, as well as a pro-rata non-renounceable preferential offering of 201.14 million new units.
The proceeds will be used to acquire a portfolio of 27 Decathlon properties located in France.
