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Home > Inside the Vault > Based upon the opening share price of Apple Hospitality on June 30, 2016, the value of the proposed merger of Apple REIT Ten with Apple Hospitality to take place in the 3rd Quarter of 2016 would be approximately $10.73. What price did a third party tender offer by McKenzie Capital on May 2, 2016, offer shareholders in Apple REIT Ten?

July 20, 2016
Based upon the opening share price of Apple Hospitality on June 30, 2016, the value of the proposed merger of Apple REIT Ten with Apple Hospitality to take place in the 3rd Quarter of 2016 would be approximately $10.73. What price did a third party tender offer by McKenzie Capital on May 2, 2016, offer shareholders in Apple REIT Ten?
Inside the Vault
Based upon the opening share price of Apple Hospitality on June 30, 2016, the value of the proposed merger of Apple REIT Ten with Apple Hospitality to take place in …

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logo-AppleREITtenBased upon the opening share price of Apple Hospitality on June 30, 2016, the value of the proposed merger of Apple REIT Ten with Apple Hospitality to take place in the 3rd Quarter of 2016 would be approximately $10.73.  What price did a third party tender offer by McKenzie Capital on May 2, 2016, offer shareholders in Apple REIT Ten?

Answer:  $9.18 per share (MacKenzie Realty Capital Inc., a publicly registered non-traded business development company, purchased 258,911 shares of Apple REIT Ten common stock for $9.18 per share, as of June 21, 2016)

Apple REIT Ten and Apple Hospitality are sponsored by Apple Advisors (Glade Knight), click here to learn more about Apple Advisors.

 

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