Modiv Completes $56 Million Acquisition of Industrial Sale Leaseback Portfolio

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Apr 21, 2022

Modiv Inc. (“Modiv” or the “Company”) (NYSE:MDV, Financial), an internally managed real estate investment trust (“REIT”) that acquires, owns and manages a diversified portfolio of single-tenant net-lease real estate properties, today announced it has completed the previously announced acquisition of the Lindsay Precast, LLC (“Lindsay”) portfolio of properties in a sale leaseback transaction for a total purchase price of $56.1 million.