SITE Centers Sells 11 Properties for $610M Ahead of Curbline Spin-Off
SITE Centers Sells 11 Properties for $610M Ahead of Curbline Spin-Off
SITE Centers Corp. (NYSE:SITC) (the "Company" or "SITE Centers"), an owner of open-air shopping centers in suburban, high household income communities, today provided an update on transaction activity along with updated projected Curbline Properties Corp. ("Curbline") balance sheet information.
site centers公司（紐交所：SITC）（以下簡稱"公司"或"site centers"），是郊區高收入社區開放式購物中心的業主，今天提供了與更新預計的Curbline Properties公司（"Curbline"）資產負債表信息相關的交易活動更新。
From September 17, 2024 to September 27, 2024, SITE Centers sold 11 wholly owned properties for an aggregate gross price of $610.1 million. As a result of disposition activity, Curbline is now expected to be capitalized with $800 million of cash at the time of the spin-off in addition to a $400 million undrawn, unsecured line of credit, a $100 million unsecured, delayed draw term loan and no indebtedness.
從2024年9月17日至2024年9月27日期間，site centers以總價61010萬美元出售了11家全資產品。由於處置活動，Curbline預計在分拆時將獲得80000萬美元現金資本，另加40000萬美元未動用的無抵押授信額度，以及10000萬美元的無抵押延遲付款貸款，無任何負債。
As previously announced, the distribution of the shares of Curbline common stock is expected to be completed at 12:01 a.m. Eastern Time on October 1, 2024. Following such distribution, Curbline will be an independent, publicly traded company listed on the New York Stock Exchange under the ticker symbol "CURB". SITE Centers shareholders will receive two shares of Curbline common stock for every one common share of SITE Centers held at the close of business on the record date of September 23, 2024.
如先前宣佈的，Curbline普通股的分配預計將於2024年10月1日美國東部時間凌晨12:01完成。此類分配後，Curbline將成爲紐約證券交易所上市的獨立上市公司，股票代碼爲"CURB"。SITE Centers股東將根據2024年9月23日記錄日期收盤時持有的每一股SITE Centers普通股，獲得兩股Curbline普通股。
| Dispositions ($ in thousands) | SITE | ||||
| Property Name | MSA | Own | Price | ||
| 09/18/24 | Springfield Center | Washington-Arlington-Alexandria, DC-VA-MD-WV | 100 | % | 49,100 |
| 09/24/24 | Hamilton Marketplace (1) | Trenton, NJ | 100 | % | 116,500 |
| 09/26/24 | Whole Foods at Bay Place | San Francisco-Oakland-Hayward, CA | 100 | % | 44,400 |
| 09/26/24 | Shops at Midtown Miami (2) | Miami-Fort Lauderdale-West Palm Beach, FL | 100 | % | 83,750 |
| 09/26/24 | Ridge at Creekside (3) | Sacramento--Roseville--Arden-Arcade, CA | 100 | % | 39,750 |
| 09/26/24 | Echelon Village Plaza (4) | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | 100 | % | 8,500 |
| 09/26/24 | Three Property Portfolio (5) | Various | 100 | % | 180,500 |
| 09/27/24 | University Hills (6) | Denver-Aurora-Lakewood, CO | 100 | % | 56,500 |
| 09/27/24 | Village Square at Golf | Miami-Fort Lauderdale-West Palm Beach, FL | 100 | % | 31,100 |
| Total | $610,100 | ||||
| 1 Excludes 62K SF retained by SITE Centers (Shops at Hamilton) | |||||
| 2 Excludes 119K SF retained by SITE Centers (Collection at Midtown Miami) | |||||
| 3 Excludes 43K SF retained by SITE Centers (Creekside Plaza II) | |||||
| 4 Excludes 4K SF retained by SITE Centers (Shops at Echelon VIllage) | |||||
| 5 Includes Fairfax Towne Center, Presidential Commons (excludes 10K SF retained by SITE Centers (Presidential Plaza South)), and Village at Stone Oak | |||||
| 6 Excludes 26K SF retained by SITE Centers (Shops at University Hills) | |||||
| 處置金額（千美元） | SITE | ||||
| 物業名稱 | MSA | 自己擁有 | 價格 | ||
| 09/18/24 | 斯普林菲爾德中心 | 華盛頓-阿靈頓-亞歷山大，特區-弗吉尼亞-馬里蘭-西弗吉尼亞州 | 100 | % | 49,100 |
| 09/24/24 | 漢密爾頓市場（1） | 新澤西州特倫頓市 | 100 | % | 116,500 |
| 09/26/24 | Bay Place的Whole Foods | 舊金山-奧克蘭-海沃德，加利福尼亞州 | 100 | % | 44,400 |
| 09/26/24 | 邁阿密市中心購物中心（2號） | 邁阿密-勞德代爾堡-西棕櫚灘，佛羅里達州 | 100 | % | 83,750 |
| 09/26/24 | Ridge at Creekside (3) | 加利福尼亞州薩克拉門託-羅斯維爾-阿登-阿凱德 | 100 | % | 39,750 |
| 09/26/24 | Echelon Village Plaza (4) | 賓夕法尼亞州-新澤西州-特拉華州-馬里蘭州費城-卡姆登-威明頓 | 100 | % | 8,500 |
| 09/26/24 | Three Property Portfolio (5) | 各種各樣 | 100 | % | 180,500 |
| 09/27/24 | 大學山（6） | Denver-Aurora-Lakewood, CO | 100 | % | 56,500 |
| 09/27/24 | 高爾夫村廣場 | 邁阿密-勞德代爾堡-西棕櫚灘，佛羅里達州 | 100 | % | 合同客戶關係的31,100將在 |
| 總費用 | $610,100 | ||||
| 1不包括6.2萬平方英尺由site centers（Hamilton購物中心）保留 | |||||
| 2不包括11.9萬平方英尺由site centers（邁阿密市中心收藏品）保留 | |||||
| 3不包括4.3萬平方英尺由site centers（小溪廣場II）保留 | |||||
| 4不包括0.4萬平方英尺由site centers（Echelon村購物中心）保留 | |||||
| 5包括Fairfax Towne Center，Presidential Commons（不包括1萬平方英尺由site centers（Presidential Plaza South）保留），和Stone Oak村 | |||||
| 6不包括2.6萬平方英尺由site centers（University Hills購物中心）保留 | |||||
譯文內容由第三人軟體翻譯。