Start-up REIT purchases six properties, completes simultaneous leaseback

A start-up real estate investment trust (REIT) completed its first transaction involving the purchase of six properties in New Jersey, Massachusetts and Florida and the simultaneous leaseback of such properties to affiliates of two publicly traded companies. The properties are used for the operation of a variety of cannabis related businesses.

Waller represented the start-up REIT in the transaction.

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