INDUS Announces Repayment of Construction Loan
September 12 2022 - 5:00PM
Business Wire
INDUS Realty Trust, Inc. (Nasdaq: INDT) (“INDUS” or the
“Company”), a U.S. based industrial/logistics REIT, announced
that it has repaid its $26.3 million construction loan using cash
on hand. As a result of the paydown, the Company has no floating
rate debt outstanding and no debt maturities prior to 2027.
Additionally, the property located at 9817 Old Statesville Road in
Charlotte, North Carolina, which was previously encumbered by the
loan, has become an unencumbered asset of the Company.
About INDUS INDUS is a real
estate business principally engaged in developing, acquiring,
managing and leasing industrial/logistics properties. INDUS owns 39
buildings totaling approximately 5.7 million square feet in
Connecticut, Pennsylvania, North Carolina, South Carolina and
Florida.
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version on businesswire.com: https://www.businesswire.com/news/home/20220912005930/en/
Ashley Pizzo Vice President, Capital Markets &
Investor Relations (212) 218-7914
apizzo@indusrt.com Jon Clark Executive Vice
President, Chief Financial Officer (860) 286-2419
jclark@indusrt.com
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