UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
Current Report
Pursuant to Section 13 or 15(d)
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| Item 2.01. | Completion of Acquisition or Disposition of Assets. |
On July 7, 2022, Cedar Realty Trust, Inc. (the “Company”) and certain of its subsidiaries completed the previously-announced sale of 33 grocery-anchored shopping centers and two redevelopment properties to DRA Fund X-B LLC, a Delaware limited liability company (“DRA”) and KPR Centers LLC, a Delaware limited liability company (together with DRA and their respective designees, the “Grocery-Anchored Purchasers”) for total gross proceeds of approximately $879 million, including assumed debt (the “Grocery-Anchored Portfolio Sale”). There were no material relationships among the Company, the Grocery-Anchored Purchasers, or any of their respective affiliates.
The table below sets forth the assets sold in the Grocery-Anchored Portfolio Sale:
| Property Name |
Location | |
| Academy Plaza | Philadelphia, PA | |
| Bethel Shopping Center | Bethel, CT | |
| Carmans Plaza | Massapequa, NY | |
| Christina Crossing | Wilmington, DE | |
| Colonial Commons | Harrisburg, PA | |
| Crossroads II | Bartonsville, PA | |
| East River Park | Washington, DC | |
| Elmhurst Square | Portsmouth, VA | |
| Fishtown Crossing | Philadelphia, PA | |
| Franklin Village Plaza | Franklin, MA | |
| General Booth Plaza | Virginia Beach, VA | |
| Girard Plaza | Philadelphia, PA | |
| Groton Shopping Center | Groton, CT | |
| Halifax Plaza | Halifax, PA | |
| Jordan Lane | Wethersfield, CT | |
| Kempsville Crossing | Virginia Beach, VA | |
| Lawndale Plaza | Philadelphia, PA | |
| Meadows Marketplace | Hummelstown, PA | |
| New London Mall | New London, CT | |
| Newport Plaza | Newport, PA | |
| Northside Commons | Campbelltown, PA | |
| Norwood Shopping Center | Norwood, MA | |
| Oak Ridge Shopping Center | Suffolk, VA | |
| Oakland Mills | Columbia, MD | |
| Palmyra Shopping Center | Palmyra, PA | |
| Quartermaster Plaza | Philadelphia, PA | |
| Senator Square | Washington, DC | |
| Shoppes at Arts District | Hyattsville, MD | |
| Swede Square | E. Norriton Township, PA | |
| The Point | Harrisburg, PA | |
| The Shops at Bloomfield Station | Bloomfield, NJ | |
| The Shops at Suffolk Downs | Revere, MA | |
| Trexlertown Plaza | Trexlertown, PA | |
| Valley Plaza | Hagerstown, MD | |
| Yorktowne Plaza | Cockeysville, MD |
| Item 9.01. | Financial Statements and Exhibits. |
(b) Pro forma financial information.
The pro forma financial information of the Company as adjusted to give effect to the Grocery-Anchored Portfolio Sale is presented in the unaudited pro forma condensed consolidated financial statements filed as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
(d) Exhibits
| 99.1 | Unaudited Pro Forma Condensed Consolidated Financial Statements | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: July 13, 2022 | CEDAR REALTY TRUST, INC. | |||||
| By: | /s/ Bruce J. Schanzer | |||||
| Name: | Bruce J. Schanzer | |||||
| Title: | President and Chief Executive Officer | |||||