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     187  0 Kommentare Spirit Realty Capital Continues to Build Its Portfolio of Single-Tenant Properties with Sale-Leaseback Transactions

    Spirit Realty Capital, Inc. (NYSE:SRC), a real estate investment trust that invests in single-tenant, operationally essential real estate, and a leading provider of sale-leaseback financing to middle-market operators nationwide, recently reported strong second quarter 2014 operating results due, in large part, to the Company’s ongoing acquisition program.

    Through the first six months of 2014, Spirit Realty Capital acquired 190 properties leased in 36 transactions, and the Company also raised over $1 billion through a combination of equity and debt offerings.

    Spirit Realty Capital acquires and leases properties in 49 states and in a wide range of industries, including retailers, chain restaurants, convenience stores, car washes, automotive service centers and medical/dental offices. As of June 2014, the Company’s portfolio totaled 2,369 properties.

    During the first half of 2014, Spirit Realty Capital invested approximately $365 million in 190 single-tenant properties. Its small- and middle-market tenants include businesses operating under prominent brands such as Brookshire Brothers Grocery, Burger King, Chevron, Circle K, Dollar General, Family Dollar, O’Reilly Auto Parts, Planet Fitness, Popeye’s, Shell Oil, Sportsman’s Warehouse, Twin Peaks and Yard House. Also, Spirit Realty Capital has acquired real estate leased to surgical and medical imaging centers, as well as successful medical and dental practice groups.

    “Approximately 71% of our acquisitions in the first half of 2014 were sale-leaseback transactions in which we purchased real estate directly from a seller and simultaneously negotiated to become its landlord under a long-term lease agreement. Our tenants depend upon real estate that is ‘operationally essential’ to their businesses; however, they recognize the capital that is tied up in those properties,” said Gregg Seibert, Chief Investment Officer of Spirit Realty Capital. “By offering the option of a sale-leaseback, we help business owners unlock that capital often to increase their profits, maintain cash flow, and expand. The cash generated from the transaction can be used to repay debt, fund acquisitions, renovate and expand properties, or provide a return to shareholders. We also offer potentially tax-deferred or otherwise tax-advantaged structures to sellers of properties. Many of our tenants have worked with us multiple times over the years as we effectively become their provider of low-cost capital.”

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    Spirit Realty Capital Continues to Build Its Portfolio of Single-Tenant Properties with Sale-Leaseback Transactions Spirit Realty Capital, Inc. (NYSE:SRC), a real estate investment trust that invests in single-tenant, operationally essential real estate, and a leading provider of sale-leaseback financing to middle-market operators nationwide, …