Inovalis Real Estate Investment Trust T.INO.UN

New Press Release - Inovalis Real Estate Investment Trust Announces the Conditional Sale of 87.5% of the Arcueil Property for €37.5 Million

Inovalis Real Estate Investment Trust (the “REIT”) (TSX: INO.UN) today announced the signing of an exchange contract for the sale of 87.5% of the Arcueil property to two parties for €37.5 million ($56.5 million) which reflects, on a pro-rated basis, 100% of the property’s appraised value of €45.0...read article.

[DJ441c]

it appears that this property was vacant   so nod reduction in income     can anyone look at the financials   after the 2 building sales  how will this affect  NOI and  NAV thanks!

[Raider877]

For Arcueil ... Well, I am unsure if it is Ontario school math or Paris school math, but 87.5% of 45 million Euros is 39.375 Euros. It is not 37.5 like the article says. It is about a 5% writedown from the Q3 financials. If you take that 5% reduction across the whole valuation, you are looking at about a $3.39 million loss from the fair value given at the end of Q3. For Sabliere ... it was