Wheeler Real Estate Investment Trust, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed on April 15, 2015, by Wheeler Real Estate Investment Trust, Inc. (Wheeler REIT). The report details the closing of a real estate acquisition transaction originally announced on February 13, 2015.
Key Financial Metrics
The filing reports the acquisition of a retail shopping center known as Butler Square in Mauldin, South Carolina. The transaction closed on April 15, 2015, for a total purchase price of $9,400,000. The filing does not provide specific revenue, profit, cash flow, margin, debt, or liquidity metrics for the period.
Material Changes
The primary material change is the addition of the Butler Square asset to the company's portfolio. The acquisition was executed by WHLR-Butler Square, LLC, a wholly-owned subsidiary of Wheeler REIT, L.P. The seller, Butler Improvements, LLC, is not affiliated with any director, officer, or affiliate of the Registrant.
Outlook, Risks, and Contingencies
The Registrant is required to file financial statements for the acquired business (Butler Square) no later than 71 calendar days after the initial filing of this report. No pro forma financial information was provided in this filing. The text does not disclose specific risks or unusual items beyond the standard acquisition disclosure.
Key Facts for Investor Verification
- Acquisition of Butler Square retail center in Mauldin, SC closed on April 15, 2015.
- Total purchase price was $9,400,000.
- Financial statements for the acquired asset are pending and due within 71 days of this filing.
- No affiliation exists between the Registrant and the Seller.