Which nontraded REIT merged with Apple Hospitality REIT, Inc. (APLE) on September 1, 2016, and what has been the resulting appreciation of the stock in the listed stock since the merger?
Answer: Apple REIT Ten, Inc. merged with Apple Hospitality REIT. On September 1, 2016, APLE closed at $18.51 per share. On December 8, 2017, APLE closed at $19.74 per share (+6.6%), with an estimated dividend yield of 6.06%.Go Back
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