DRUNF - Dream Office: 438 University Ave Sale Gives The REIT Some Breathing Room
2025-03-07 16:26:09 ET
Summary
- Dream Office REIT sold 438 University Avenue for $105 million at a 7.25% cap rate, highlighting the tough investment market.
- The sale price of $325 per square foot contrasts sharply with the portfolio's average valuation of $453 per square foot.
- In-place occupancy hit a new low of 77.5% in Q4-2024.
- Where is the NAV at?
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Dream Office: 438 University Ave Sale Gives The REIT Some Breathing Room