LOS ANGELES--(BUSINESS WIRE)--Treehouse Real Estate Investment Trust, Inc. (“Treehouse” or the “Company”) today announced that it has completed the acquisition of two properties for a total purchase price of approximately $33.5 million.
“We are excited to announce another set of transactions for Treehouse,” said Brian Kabot, Stable Road Capital Chief Investment Officer and Treehouse Board Member. “We’re very pleased to strengthen our relationship with MedMen as a tenant and develop their future flagship retail store near the Las Vegas Strip.”
Below is a list of properties included in the sale:
- One retail storefront development located on Highland Drive in Las Vegas, Nevada;
- One 45,000 square foot, state-of-the-art Dutch greenhouse in Desert Hot Springs, California.
Treehouse Real Estate Investment Trust, Inc. is a newly-organized, externally managed real estate investment company focused on the acquisition, ownership and management of specialized retail and industrial properties leased to experienced, state-licensed operators for their regulated adult-use and medical-use cannabis facilities. Visit http://www.TreehouseREIT.com
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SOURCE: Treehouse Real Estate Investment Trust, Inc.