GroceryHudson Valley Plaza, New York

GroceryAlbany ShopRite, New York

GrocerySt. Lucie West, Florida

GroceryArundel Plaza, Maryland

Self-StorageMillburn Self-Storage, New Jersey

United Hampshire US Real Estate Investment TrustAsia’s First U.S. Grocery-Anchored Shopping Center and Self-Storage REIT

A portfolio of 22 high-quality properties located along the east coast of the U.S., consisting of 18 grocery-anchored and necessity-based retail properties1, and four modern, climate-controlled self-storage properties.
ico - Value ~ US$599.2 Appraised Value2
(in million)
ico - Value 3.17 in million sq ft NLA3
ico - Assets 18 grocery & necessity
4 self-storage4
Assets
ico - Freehold 97.0%
 
Freehold5
  1. "Grocery-anchored and necessity-based" retail properties are assets which are anchored by non-discretionary spending businesses such as supermarkets and grocers (generally accounting for 50 to 70 per cent of the NLA), complemented by smaller inline tenants (generally each accounting for less than 5 per cent of the NLA) for lifestyle services such as hair salons, laundry and dry cleaning stores.
  2. The Appraised Value is calculated based on the higher of the independent valuations of each of the Properties, on a 100% basis including the minority interests in Lawnside Commons, Parkway Crossing and Wallkill Price Chopper that will be held by the Non-Controlling Interest Parties, conducted by the Independent Valuers and inclusive of the Top-Up. The Appraised Value of the IPO Portfolio excluding the Top-Ups is approximately US$592.7 million. The Independent Valuers have valued the Properties as at the Valuation Date. The Independent Valuers have valued each of the Properties on an "as-is" basis (taking into account the Top-Ups for St. Lucie West) save for the Development/Newly Completed Properties, which have been valued on an "as-completed" basis (taking into account the Top-Ups).
  3. The aggregate NLA of the IPO Portfolio is based on the average of the NLA of each of the Properties as determined by the Independent Valuers, on a 100% basis including the minority interests in Lawnside Commons, Parkway Crossing and Wallkill Price Chopper that will be held by the Non-Controlling Interest Parties, and includes the NLA of the Development/Newly Completed Properties and St. Lucie West Expansion.
  4. Elizabeth Self-Storage was recently completed in early January 2020 and Perth Amboy Self-Storage is currently under development and is targeted to be completed by 2Q2020.
  5. Based on the aggregate NLA of 3.17 million sq ft which is based on the average of the NLA of each of the Properties as determined by the Independent Valuers, on a 100% basis including the minority interests in Lawnside Commons, Parkway Crossing and Wallkill Price Chopper that will be held by the Non-Controlling Interest Parties, and includes the NLA of the Development/Newly Completed Properties and St. Lucie West Expansion.

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