RW Holdings NNN REIT has entered into a definitive merger agreement Rich Uncles Real Estate Investment Trust I.
The two all-stock transactions will create the largest real estate crowdfunded equity REIT with more than $450 million in real estate assets under management and the first fintech real estate crowdfunding platform to be wholly owned by its own investors.
Following the successful merger, the combined company will have an improved portfolio that is poised for growth. Owning 45 income-producing properties in 14 states, with approximately 2.2 million square feet, the combined company portfolio will be 100 percent occupied, with approximately 67 percent of the combined company's net rents, on a pro forma basis, coming from properties leased to tenants and/or guarantors with investment-grade or equivalent ratings. The combined company portfolio will have a balanced diversification consisting of 19 retail, 14 office and 12 industrial properties, and no tenant wil
