JENKINTOWN, Pa., Sept. 16 /PRNewswire-FirstCall
American Financial Realty Trust (NYSE: AFR) has acquired from Prefco Quatre, LLC 31 (Pitney Bowes Real Estate Financing Corporation) properties previously acquired from KeyBank, N.A. in a long term sale leaseback transaction. The 31 bank branch properties are located in Ohio and consist of 154,000 rentable square feet. The properties are leased on a bond net basis through November 7, 2011 to KeyBank. The total acquisition cost was approximately $36.8 million."
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Tuesday, September 16, 2003
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