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REIT MERGER UPDATE: Liberty Property Buying Out Republic Property

PA-Based REIT Paying $900M for 2.6 Million-SF Foothold in Northern Virginia, Downtown D.C.
By Andrew C. Burr
July 25, 2007 | 10:36 P.M.

Making its long-planned re-entry into the Washington, D.C. office market, Liberty Property Trust (NYSE: LRY) is purchasing Northern Virginia-based Republic Property Trust (NYSE: RPB) in an all-cash deal worth about $900 million, including $415 million in debt.

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