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Which two nontraded REITs merged in April of 2020 in an all-stock transaction?

June 29, 2020

Which two nontraded REITs merged in April of 2020 in an all-stock transaction?

Answer: Carey Watermark Investors 2 Incorporated and Carey Watermark Investors Incorporated merged in an all-stock transaction that closed on April 13, 2020. Following the merger, the combined company was renamed to Watermark Lodging Trust, Inc.

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