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EX-23.1 - EXHIBIT 23.1 - RETAIL OPPORTUNITY INVESTMENTS CORPexh_231.htm
EX-99.1 - EXHIBIT 99.1 - RETAIL OPPORTUNITY INVESTMENTS CORPexh_991.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

–––––––––––––

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported) December 4, 2015

RETAIL OPPORTUNITY INVESTMENTS CORP.

(Exact Name of Registrant as Specified in Its Charter)

Maryland 001-33749 26-0500600
(State or other jurisdiction
of incorporation)
(Commission File Number) (I.R.S. Employer
Identification No.)

 

RETAIL OPPORTUNITY INVESTMENTS PARTNERSHIP, LP

(Exact Name of Registrant as Specified in Its Charter)

 

Delaware 333-189057-01 94-2969738
(State or other jurisdiction
of incorporation)
(Commission File Number) (I.R.S. Employer
Identification No.)

 

8905 Towne Centre Drive, Suite 108  
San Diego, CA 92122
(Address of Principal Executive Offices) (Zip Code)
   

 

Registrant's telephone number, including area code: (858) 677-0900

Not applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[_] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

Item 8.01 Other Events.

On December 4, 2015, Retail Opportunity Investments Corp. (“ROIC”), acting through a subsidiary held through Retail Opportunity Investments Partnership, LP, (the “Operating Partnership”), ROIC’s operating partnership, acquired the property known as Iron Horse Plaza (“Iron Horse Plaza”) located in Danville, California, from an unaffiliated third party, for an adjusted purchase price of approximately $45.6 million. Iron Horse Plaza is approximately 62,000 square feet and is anchored by Lunardi’s Markets, a San Francisco based grocer. The Company funded the acquisition of Iron Horse Plaza through the issuance of 1,232,394 OP units of the Operating Partnership, with a fair value of approximately $22.4 million, the assumption of a $19.0 million loan on the property and cash on hand. The $19.0 million loan was defeased in conjunction with the closing of the property, which was funded with borrowings under the Company’s credit facility. Set forth in Item 9.01 is the financial statement prepared pursuant to Rule 3-14 of Regulation S-X relating to the acquisition of Iron Horse Plaza, which individually is not considered significant within the meaning of Rule 3-14.

Item 9.01 Financial Statements and Exhibits.

(a)   Financial Statement of Business Acquired.

 

Iron Horse Plaza

·Independent Auditors’ Report
·Statement of Revenues and Certain Expenses for the year ended December 31, 2014 (Audited) and nine months ended September 30, 2015 (Unaudited)
·Notes to Statement of Revenues and Certain Expenses for the year ended December 31, 2014 (Audited) and nine months ended September 30, 2015 (Unaudited)

(b)   Pro Forma Financial Information for Retail Opportunity Investments Corp.

·Pro Forma Consolidated Statement of Operations and Comprehensive Income for the year ended December 31, 2015 (Unaudited)
·Notes to Pro Forma Consolidated Financial Statement (Unaudited)

 

(c)   Pro Forma Financial Information for Retail Opportunity Investments Partnership, LP

·Pro Forma Consolidated Statement of Operations and Comprehensive Income for the year ended December 31, 2015 (Unaudited)
·Notes to Pro Forma Consolidated Financial Statement (Unaudited)

 

(d)   Exhibits.

Exhibit No.   Description
23.1   Consent of Independent Auditors
99.1   Financial statement and pro forma financial information referenced above under paragraphs (a), (b) and (c) of this Item 9.01

 

 

 

 

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.

 

    Retail Opportunity Investments Corp.
     
     
Dated: March 21, 2016   By: /s/ Michael B. Haines
      Michael B. Haines
      Chief Financial Officer
       
       
    RETAIL OPPORTUNITY INVESTMENTS PARTNERSHIP, LP
       
       
    By: RETAIL OPPORTUNITY INVESTMENTS GP,
LLC, its general partner
       
       
      By: /s/ Michael B. Haines
        Michael B. Haines
Dated: March 21, 2016       Chief Financial Officer