Urban Edge Properties (NYSE:UE) acquired The Shops at Riverwood for $33.3 million on June 8, 2022. The consideration includes transaction costs. The transaction was completed by the company using cash-on-hand and a new $21.5 million non-recourse first mortgage secured by the property. The mortgage has a 7-year term at a fixed interest rate of 4.25%.

Urban Edge Properties (NYSE:UE) completed the acquisition of The Shops at Riverwood on June 8, 2022.