Wednesday, December 25, 2024
spot_img
spot_img
HomeNewsBusiness WireFCPT Announces Acquisition of two Fast Pace Health Properties for $4.9 Million

FCPT Announces Acquisition of two Fast Pace Health Properties for $4.9 Million

MILL VALLEY, Calif.–(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 Fast Pace Health properties for $4.9 million. Fast Pace Health is an urgent care provider with more than 200 healthcare centers throughout the United States. The properties are newly constructed and located in strong retail corridors in Indiana and Louisiana and are occupied under long-term, net leases. The transaction was priced at a cap rate in range with previous FCPT transactions.

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.

Contacts

Four Corners Property Trust:

Bill Lenehan, 415-965-8031

CEO

Gerry Morgan, 415-965-8032

CFO

spot_img
RELATED ARTICLES
spot_img
spot_img
spot_img

Caribbean News

UN General Assembly adopts milestone cybercrime treaty

By Vibhu Mishra The General Assembly on Tuesday adopted the United Nations Convention against Cybercrime, a landmark global treaty aimed at strengthening international cooperation to combat...

Global News

Taiwan monetary policy: December 2024

By FocusEconomics Taiwan Central Bank leaves rates unchanged in December. Latest bank decision: At its meeting on 19 December, Taiwan’s Central Bank decided to keep the discount...