Business Context and Reporting Period
This Form 8-K was filed by Inland American Real Estate Trust, Inc. on December 20, 2005. The report details a specific asset acquisition completed by the company's joint venture, Minto Builders (Florida), Inc. (MB REIT).
Key Financial Metrics and Transaction Details
- Transaction Type: Acquisition of a leasehold interest in a single-user building.
- Property Location: Springfield, Missouri (Walgreens tenant).
- Purchase Price: Approximately $3.6 million in cash.
- Asset Size: Approximately 14,560 gross leasable square feet.
- Seller: A-S 63 National-Cherokee L.P. (unaffiliated third party).
- Financial Statements: Audited statements for the property will be filed under Rule 3-14 as part of the New Quest Properties Portfolio.
Material Changes
The filing reports the addition of a new commercial property to the company's portfolio. No comparative financial data, revenue, profit, or debt metrics for the reporting period are provided in this specific document.
Outlook and Risks
The filing does not contain management commentary, forward-looking guidance, or specific risk factors beyond the standard disclosure of the asset acquisition. The transaction is presented as a completed event.
Investor Verification Checklist
- Verify the final closing date and exact purchase price of the Springfield, Missouri property.
- Review the upcoming audited financial statements for the New Quest Properties Portfolio to assess the property's pro forma impact.
- Confirm the lease terms and expiration date for the Walgreens tenant.
- Check for any subsequent filings regarding the integration of this asset into the broader portfolio.