Sadot Group Inc. entered into a six-month exclusive option agreement to acquire a portfolio of seven California-based residential real estate properties valued at $125.5 million. The portfolio, comprising 147 units across Los Angeles County, has an agreed aggregate equity value of $69.5 million.
Key Details
- Portfolio Value: The total agreed value is $125.5 million, with $56 million in existing loans remaining in place, resulting in a $69.5 million equity value.
- Option Terms: The agreement, effective June 4, 2026, grants a six-month option period. Sadot paid a non-refundable option fee of $1.04 million by issuing 132,803 shares of its common stock at $7.85 per share.
- Exercise Price: If the option is exercised, the net purchase price will be $68.46 million (equity value less the option fee paid). This is payable in shares of non-convertible Series C Preferred Stock or, at Sadot's discretion, in cash.
- Management Agreement: Upon closing, the seller will receive a post-closing management fee of $100,000 per month until the full completion of all portfolio properties.