FCPT Announces Sale Leaseback of Two Riverview Health Outpatient Primary Care Properties for $13.5 Million
19 Dezembro 2024 - 8:28PM
Business Wire
Four Corners Property Trust (NYSE:FCPT), a real estate
investment trust primarily engaged in the ownership and acquisition
of high-quality, net-leased restaurant and retail properties
(“FCPT” or the “Company”), is pleased to announce the acquisition
of two Riverview Health outpatient primary care properties for
$13.5 million via sale leaseback. Riverview Health is a non-profit
health system that is owned by Hamilton County (Indiana) and is
comprised of two hospitals and many additional freestanding
immediate care, primary care, and specialty care facilities. The
properties are located in highly trafficked corridors in Indiana
and are under long term, triple net leases with a weighted average
12 years of term remaining. The transaction was priced at a 7.3%
cap rate on rent as of the closing date and exclusive of
transaction costs.
About FCPT
FCPT, headquartered in Mill Valley, CA, is a real estate
investment trust primarily engaged in the ownership, acquisition
and leasing of restaurant and retail properties. The Company seeks
to grow its portfolio by acquiring additional real estate to lease,
on a net basis, for use in the restaurant and retail industries.
Additional information about FCPT can be found on the website at
www.fcpt.com.
Category: Acquisition
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Four Corners Property Trust: Bill Lenehan, 415-965-8031 CEO
Patrick Wernig, 415-965-8038 CFO
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