Postal Realty Trust acquired a portfolio of 72 properties leased to the United States Postal Service from entities related to CEO Andrew Spodek for approximately $27.75 million on September 4, 2026. The purchase price consisted of $25.75 million in cash and $2.0 million in Operating Partnership Units, with Mr. Spodek receiving roughly $11.88 million of the cash consideration. The 100% occupied portfolio contains approximately 148,374 net leasable square feet with a weighted average rental rate of $14.71 per square foot. This transaction was approved by an independent special committee and is unrelated to prior Right of First Offer agreements. Postal Realty Trust operates as a real estate investment trust focused on acquiring and managing properties leased primarily to the U.S. government.
