United Hampshire US Real Estate Investment Trust (SGX:ODBU) has entered into a purchase and sale agreement to acquire Upland Square Shopping Center in Pennsylvania from Paramount Realty Services, Inc for $85.7 million on June 9, 2022. Under the terms of the PSA, UHREIT shall pay a deposit of $2.25 million within 3 business days following the execution and delivery of the PSA. The Total Acquisition Cost will be funded by a combination of the assumption of an existing mortgage loan on the property, from internal resources and Net proceeds from the proposed divestment of Elizabeth Self-Storage and Perth Amboy Self-Storage of approximately $44.0 million will be used to partially fund the higher yielding asset. Subject to the conditions precedent in PSA being satisfied including, the lender for the existing mortgage loan over the Property shall have approved in writing the assumption by UHREIT of such mortgage loan and the Lender and UHREIT shall have executed amendments to the mortgage loan documentation on terms acceptable to UHREIT in its sole discretion, the closing date is scheduled for July 22, 2022. the acquisition will be accretive.

United Hampshire US Real Estate Investment Trust (SGX:ODBU) completed the acquisition of Upland Square Shopping Center in Pennsylvania from Paramount Realty Services, Inc on June 13, 2022