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Fly News Breaks for October 4, 2016
LPT
Oct 4, 2016 | 08:32 EDT
As previously reported, Capital One upgraded Liberty Property to Overweight from Equalweight. Analyst Thomas Lesnick said the long awaited closing of the previously-announced $969M portfolio sale of 108 properties is a catalyst for shares. The sale will allow growth once again and is now roughly 80% industrial and is one of the cheapest means by which to gain industrial development exposure in portfolios given implied cap rate spreads, Lesnick wrote in a report.
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