Maxus Realty Trust, Inc.

MRTI

US57774B1098

Diversified REITs

Market Closed - OTC Markets Other stock markets 16:01:10 17/05/2024 BST			5-day change	1st Jan Change
74 ^USD	+8.82%		0.00%	-29.86%

2022	AMCAL Multi-Housing Inc. acquired Oak Tree Village Apartments from Maxus Realty Trust, Inc..	CI
2022	Stoneweg U.S., LLC acquired Wild Oak Apartments from Maxus Realty Trust, Inc..	CI

Maxus Realty Trust Inc. completed the acquisition of Foothills Apartments in Little Rock for $44.1 million.

January 24, 2014 at 04:00 am

Maxus Realty Trust Inc. (OTCPK:MRTI) entered into a purchase and sale agreement to acquire Foothills Apartments in Little Rock on September 2, 2013. The amount of liquidity needed in order to fund the Foothill Apartments is approximately $13.4 million. In order to meet this obligation, Maxus Realty will use short-term borrowings, the proceeds from the sale of King's Court and The Terrace Apartments, proceeds from the proposed private placement of debt and available cash. Maxus Realty raised $17 million from Missouri Bank & Trust for the transaction. The Board of Maxus Realty Trust approved the purchase of Foothills Apartments on the condition that U.S Department of Housing and Urban Development will approve the loan assumption.

Maxus Realty Trust Inc. (OTCPK:MRTI) completed the acquisition of Foothills Apartments in Little Rock for $44.1 million on January 24, 2014. The sale price included assumption from the sellers of three U.S Department of Housing and Urban Development loans totaling $29.6 million.

Latest news about Maxus Realty Trust, Inc.

AMCAL Multi-Housing Inc. acquired Oak Tree Village Apartments from Maxus Realty Trust, Inc..	15/11/22	CI
Stoneweg U.S., LLC acquired Wild Oak Apartments from Maxus Realty Trust, Inc..	02/10/22	CI
Cohen-Esrey, LLC acquired Park Edge Apartments at Lenexa, Kansas from Maxus Realty Trust, Inc..	11/09/22	CI
Olympus Property Management acquired Stone Gables from Maxus Realty Trust, Inc. for $41.9 million.	28/07/22	CI
West Shore LLC acquired Bridle Creek, a 384 Unit Apartment Community Located at 3800 Nicholasville Road in South Lexington from Maxus Realty Trust, Inc. for $74.5 million.	20/06/22	CI
CLK Properties LLC acquired Cold Storage Lofts in Kansas City from Maxus Realty Trust, Inc..	30/09/20	CI
Maxus Realty Trust, Inc. acquired River Vista apartment community in Wichita, Kansas.	23/08/20	CI
Maxus Realty Trust, Inc. acquired 174,147 square foot office building at 5757 Main St. in Frisco from Encore Enterprises, Inc.	30/07/20	CI
A New York-based private investor acquired The Villages at Bogey Hills from Maxus Realty Trust, Inc..	08/03/20	CI
Maxus Realty Trust, Inc. acquired Pinnacle Pointe apartment complex in Lenexa for $18.1 million.	07/08/18	CI
Maxus Realty Trust Inc. completed the acquisition of Frisco Square from Behringer Harvard Opportunity REIT I, Inc. for $53.2 million.	20/12/17	CI
Maxus Realty Trust Inc. completed the acquisition of a property in Frisco Square, Texas from Behringer Harvard Opportunity REIT I, Inc. for $53.2 million.	20/12/17	CI
Maxus Realty Trust Inc. entered into an agreement to acquire Frisco Square from Behringer Harvard Opportunity REIT I, Inc. for $55 million.	11/10/17	CI
Maxus Realty Trust Inc. entered into an agreement to acquire a property in Frisco Square, Texas from Behringer Harvard Opportunity REIT I, Inc. for $55 million.	11/10/17	CI
Maxus Realty Trust Inc. acquired Viera at Mandarin apartment community in south Jacksonville, Florida from Woodbridge Multifamily Partners LLC for $17.6 million.	29/08/16	CI
Maxus Realty Trust Inc. acquired Lexington on the Green apartment community in Lithonia, Georgia for $19.9 million.	28/08/16	CI
Maxus Realty Trust Inc. acquired Thomaston Crossing from Sierra Development Group Limited Partnership and SPP Residential for $25 million.	02/04/16	CI
Maxus Realty Trust Inc. acquired Mallard Creek Apartment Community in Horn Lake, Mississippi for $8.2 million.	30/12/15	CI
Maxus Realty Trust Inc. acquired Villaggio apartment community in Bossier for $22.1 million.	30/12/15	CI
Maxus Realty Trust Inc. completed the acquisition of Foothills Apartments in Little Rock for $44.1 million.	24/01/14	CI
Maxus Realty Trust Inc. agreed to acquire Foothills Apartments in Little Rock.	09/01/14	CI
Maxus Realty Trust Inc. announced that it expects to receive $11.5 million in funding.	30/12/13	CI
Maxus Realty Trust Inc. acquired Vangard Lofts building in downtown St. Louis from 1110 Partners LP for $11.5 million.	04/11/13	CI

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Company Profile

Maxus Realty Trust, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company conducts all of its activities through its subsidiary, Maxus Operating Limited Partnership (MOLP). The Company is primarily engaged in the ownership and acquisition of ownership interests in multifamily apartment communities with investments in a limited number of commercial properties. Its multifamily apartment communities consist primarily of market-rate apartments with rents paid by the residents and include about 11 properties with 2,936 apartment homes. Substantially, all of its assets are comprised of multifamily apartment communities. The Company also owns a limited number of commercial properties. The commercial real estate operations consist of four properties with approximately 390,000 square feet consisting of 55 retail and office tenants. MOLP directly or indirectly owns interests in other limited liability companies or partnerships.

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