RETAIL OPPORTUNITY INVESTMENTS CORP. (NASDAQ:ROIC) Files An 8-K Other EventsItem 8.01 Other Events.
On March 17, 2017, Retail Opportunity Investments Partnership, LP (the “Operating Partnership”), the operating partnership subsidiary of Retail Opportunity Investments Corp. (the “Company”), acting through wholly owned subsidiaries, acquired The Terraces (“The Terraces”) located in Rancho Palos Verdes, California, for an adjusted purchase price of approximately $54.2million. The Terraces is approximately 173,000 square feet and is anchored by Trader Joe’s, Marshall’s and LA Fitness. The Terraces was acquired with borrowings under the Company’s credit facility.
Item 9.01 Financial Statements and Exhibits.
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(a) |
Financial Statement of Business Acquired. |
The Terraces
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Independent Auditors’ Report |
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Statement of Revenues and Certain Expenses for the year ended December31, 2016 (Audited) |
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Notes to Statement of Revenues and Certain Expenses for the year ended December31, 2016 (Audited) |
(b) Pro Forma Financial Statements for Retail Opportunity Investments Corp.
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Pro Forma Consolidated Statement of Operations and Comprehensive Income for the three months ended March31, 2017 (Unaudited) |
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Pro Forma Consolidated Statement of Operations and Comprehensive Income for the year ended December31, 2016 (Unaudited) |
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Notes to Pro Forma Consolidated Financial Statements (Unaudited) |
(c) Pro Forma Financial Statements for Retail Opportunity Investments Partnership, LP
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Pro Forma Consolidated Statement of Operations and Comprehensive Income for the three months ended March31, 2017 (Unaudited) |
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Pro Forma Consolidated Statement of Operations and Comprehensive Income for the year ended December31, 2016 (Unaudited) |
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Notes to Pro Forma Consolidated Financial Statements (Unaudited) |
(d)Exhibits.
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Exhibit No. |
Description |
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23.1 |
Consent of Independent Auditors |
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99.1 |
Financial statement and pro forma financial information referenced above under paragraphs (a), (b) and (c) of this Item 9.01 |
RETAIL OPPORTUNITY INVESTMENTS CORP ExhibitEX-23.1 2 roic-3172017xconsentxexhib.htm EXHIBIT 23.1 Exhibit Exhibit 23.1CONSENT OF INDEPENDENT AUDITORSWe consent to the incorporation by reference in the Registration Statements (Nos. 333-211521,…To view the full exhibit click here
About RETAIL OPPORTUNITY INVESTMENTS CORP. (NASDAQ:ROIC)
Retail Opportunity Investments Corp. is an integrated, self-managed real estate investment trust (REIT). The Company’s primary business is the ownership, management and redevelopment of retail real estate properties. The Company specializes in the acquisition, ownership and management of necessity-based community and neighborhood shopping centers on the west coast of the United States, anchored by supermarkets and drugstores. Its portfolio consists of approximately 70 retail properties totaling over 8.6 million square feet of gross leasable area (GLA). It focuses on leasing to retailers that provide necessity-based, non-discretionary goods and services, catering to the basic and daily needs of the surrounding community. Its properties include Paramount Plaza, Santa Ana Downtown Plaza, Claremont Promenade, Sycamore Creek, Desert Springs Marketplace, Glendora Shopping Center, Cypress Center West, Harbor Place Center, Diamond Hills Plaza and Five Points Plaza, Peninsula Marketplace.
