One Liberty Properties announces asset sales of $32M

One Liberty Properties announced that it completed the sale of two restaurant properties and a portion of a retail property for a an aggregate sales price of approximately $8.7 million. The Company anticipates producing an aggregate gain on these sales of approximately $2.7 million. The Company also entered into non-cancellable agreements to sell three restaurant properties and two retail properties for an aggregate sales price of $23.0 million. The Company anticipates that these sales will be completed before year-end for an aggregate gain-on-sale of approximately $10.0 million.