July 27, 2016 9:12 AM ET

Real Estate Investment Trusts (REITs)

Company Overview of Strategic Realty Trust, Inc.

Company Overview

Strategic Realty Trust, Inc. is a privately owned real estate fund launched and managed by SRT Advisors, LLC. It invests in the real estate markets of United States. The fund invests in and manages a portfolio of income-producing retail properties. It was formerly known as TNG Strategic Retail Trust Inc. Strategic Realty Trust, Inc. was formed on September 18, 2008 and is based in San Mateo, California.

,  

United States

Founded in 2008

Key Executives for Strategic Realty Trust, Inc.

Chief Executive Officer, Corporate Secretary, and Director
Age: 57
Chief Financial Officer
Age: 55
Compensation as of Fiscal Year 2016.

Strategic Realty Trust, Inc. Key Developments

Strategic Realty Trust, Inc. Announces Restated Revolving Credit Facility

On August 4, 2014, Strategic Realty Trust, Inc. entered into an amended and restated revolving credit facility with KeyBank to establish a revolving credit facility with an initial maximum aggregate commitment of $30,000,000. On June 9, 2016, the Company drew approximately $7.5 million under the Credit Facility, approximately $5.3 million of which was used to fund the purchase of the San Francisco Properties. Following such draw, the total amount of borrowings outstanding under the Credit Facility was approximately $10.5 million. Subject to certain terms and conditions contained in the loan documents, the company may request that the facility amount be increased to a maximum of $60,000,000. The credit facility matures on August 4, 2017. The company has the right to prepay the Credit Facility in whole at any time or in part from time to time, subject to the payment of certain expenses, costs or liabilities potentially incurred by the lenders as a result of the prepayment and subject to certain other conditions contained in the loan documents. The Credit Facility is secured by Pinehurst Square East, Topaz Marketplace and the San Francisco Properties. Each loan made pursuant to the credit facility will be either a LIBOR rate loan or a base rate loan, at the election of the company, plus an applicable margin, as defined. Monthly payments are interest only with the entire principal balance and all outstanding interest due at maturity. The company will pay KeyBank an unused commitment fee, quarterly in arrears, which will accrue at 0.30% per annum if the usage under the credit facility is less than or equal to 50% of the facility amount, and 0.20% per annum if the usage under the credit facility is greater than 50% of the facility amount. The company is providing a guaranty of all of its obligations under the Credit Facility and all other loan documents in connection with the Credit Facility.

Strategic Realty Trust, Inc. Presents at REITWeek Investor Forum, Jun-07-2016

Strategic Realty Trust, Inc. Presents at REITWeek Investor Forum, Jun-07-2016 . Venue: The Waldorf Astoria, New York, New York, United States.

Strategic Realty Trust, Inc. Declares Distribution for the First Quarter of 2016 Payable on April 29, 2016

On April 6, 2016, the board of directors of Strategic Realty Trust, Inc. declared distribution for the first quarter of 2016 in the amount of $0.06 per share on the outstanding shares of common stock of the Company, payable to shareholders of record of such shares as shown on the books of the Company at the close of business on March 31, 2016. Such distributions will be paid on April 29, 2016.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 10, 2016
Three retail properties in San Francisco
Merger/Acquisition
March 31, 2016
A Storefront Retail Property in San Francisco
Merger/Acquisition
March 30, 2016
A Real Estate Property Located Near Sunset Boulevard and Gardner in Hollywood, Los Angeles
 

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