Pennsylvania R.E.I.T. (PRETQ)

[Alyssa]

Four Corners Property Trust Acquires Four Property Portfolio From PREIT for $6.8 Million
BY MT Newswires
— 5:27 PM ET 06/23/2020
05:27 PM EDT, 06/23/2020 (MT Newswires) -- Four Corners Property Trust ( FCPT ) said Tuesday that it has acquired a four property portfolio for $6.8 million as part of a previously announced outparcel transaction with PREIT.

The company said the properties are a Burger King, a Firestone Auto Center, an Olive Garden, and a Starbucks and are are located in Maryland, North Carolina, and South Carolina.

According to the company, the properties are occupied under net leases with a weighted average 7 years of term remaining and are leased to the respective corporate operators.

Price: 23.55, Change: 0.00, Percent Change: 0.00

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