RW Holdings NNN REIT to acquire Rich Uncles REIT I
The merger and a concurrent contribution deal with the companies' external adviser would create the biggest real estate crowdfunded equity REIT with more than $450 million in assets under management.
RW Holdings NNN REIT Inc., or NNN REIT, agreed to buy Rich Uncles Real Estate Investment Trust I, or REIT I, in an all-stock transaction.
Both nontraded real estate investment trusts focus on single-tenant net-lease income-producing properties. The deal follows a strategic review that RE...