EastGroup Properties, Inc. (NYSE: EGP) (“The Company,” “We,” “EastGroup”) announced that on June 1, 2022, the Company closed the acquisition of an industrial real estate portfolio, Tulloch Corporation. Tulloch Corporation, a real estate company located within San Francisco and Sacramento markets, has properties in those two locations, representing 85% and 15% of their total portfolio net operating income, respectively. The portfolio consists of 14 properties totaling around 1.7 million square feet and two land parcels of approximately 10.5 acres in total.
Although the properties are currently 100% leased to 37 tenants, the average time remaining on ...
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EastGroup Properties Announces Its Recent Acquisition and Disposition