Highlands REIT Repays Revolving Credit Facility
Highlands REIT Inc., a publicly registered non-traded real estate investment trust, has repaid in full all of the remaining outstanding debt under its secured revolving credit facility with The Huntington National Bank.
Highlands REIT Inc., a publicly registered non-traded real estate investment trust, has repaid in full all of the remaining outstanding debt under its secured revolving credit facility with The Huntington National Bank, consisting of approximately $15 million of principal plus accrued and unpaid interest.
The credit facility would have matured on February 15, 2022, and no early termination penalties were applied with respect to the prepayment. The credit agreement and related security interests were terminated following the payment.
Highlands REIT is a non-traded REIT that was spun-off from InvenTrust Properties Corp. (formerly Inland American Real Estate Trust) in April 2016. The company oversees a 19-property portfolio of office, industrial, retail, and multifamily properties, as well as one correctional facility and one parcel of unimproved land, as of December 31, 2020.
