Certain Class A Common Stock of Postal Realty Trust, Inc. are subject to a Lock-Up Agreement Ending on 2-JAN-2022.
January 01, 2022
Share
Certain Class A Common Stock of Postal Realty Trust, Inc. are subject to a Lock-Up Agreement Ending on 2-JAN-2022. These Class A Common Stock will be under lockup for 46 days starting from 17-NOV-2021 to 2-JAN-2022.
Details:
The executive officers and directors have agreed with the underwriters, subject to certain exceptions, not to dispose of or hedge any shares of the common stock or securities convertible into or exchangeable or exercisable for shares of the Class A common stock (including OP units) during the period from the date of this prospectus supplement continuing through the date 45 days after the date of this prospectus supplement.
Postal Realty Trust, Inc. is an internally managed real estate investment trust (REIT). The Company conducts its business through an Umbrella Partnership REIT (UPREIT) structure in which its properties are owned by its Postal Realty LP (Operating Partnership) directly or through limited partnerships, limited liability companies or other subsidiaries. It is focused on acquiring and managing properties leased primarily to the United States Postal Service (the USPS), ranging from last-mile post offices to industrial facilities. The Company owns and manages over 1,509 properties leased primarily to the USPS. Its property types include flex, industrial and last mile. The properties are located in 49 states and one territory, totaling approximately 5.9 million net leasable interior square feet in the aggregate. The Company provides fee-based third-party property management services for an additional 397 properties. Its properties include Bishopville, Gray, Michigamme, Pauline, and others.