Tranche Update on Highlands REIT, Inc.'s Equity Buyback Plan announced on October 24, 2023.
December 08, 2023 at 11:37 am EST
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From October 24, 2023 to December 6, 2023, the company has repurchased 169,393,767 shares, for $23.72 million. With this, the company has completed the repurchase of 169,393,767 shares, for $23.72 million under the buyback announced on October 24, 2023.
Highlands REIT, Inc. is a self-advised and self-administered real estate investment trust (REIT). The Company owns and manages substantially all of the non-core investment properties. The Company operates through two segments: multi-family and other. The Company's portfolio of investment properties consisted of 13 multi-family, three retail, one office and two industrial properties, one correctional facility and one parcel of unimproved land, which are all located in the United States. The Company's properties include 1620 Central, Buerger Brothers Lofts, Chamber Lofts, Kenilworth Court, Tennyson44, The Detroit and Detroit Terraces, The Lafayette, The Locale, The Muse, The Sterling, Hudson Correctional Facility, Market at Hilliard, The Q Lofts, Sherman Plaza and others.