BSR Real Estate Investment Trust

10:46 AM EST - BSR Real Estate Investment Trust : Has acquired Satori at Long Meadow Apartments in Richmond, Texas and Auberry at Twin Creeks in Allen, Texas for a total of $92.8 million. Richmond is located in the Houston Metropolitan Statistical Area and Allen is located in the Dallas-Fort Worth MSA. To satisfy the purchase price for the two properties, the REIT used $56.9 million in mortgage debt, of which $20.3 million was assumed, and used its credit facilities for the balance. BSR Real Estate Investment Trust shares T.HOM.U are trading up $0.14 at $11.72.