Four Springs Capital Trust announced yesterday having acquired four more properties to their portfolio. According to the press a Family Dollar store in Wichita, Kansas, another in Keene, Texas, still another in Tyler, and O'Charley's restaurant in North Carolina were purchased for $5.7 million.
The four properties acquired in December arrived on the heels of the firm having announced Cynthia Morgenstern Daly as their head of acquisitions back in November of 2012. As for the current announcement, William Dioguardi, President and Chief Executive Officer of FSCT offered this:
'We are pleased with the addition of these four properties to our portfolio. We have added another way to grow our net lease REIT with the commencement of our Property Exchange Program. The acquisition of three properties in December was a solid way to start this program. We expect to receive continued interest in our Property Exchange Program from sellers because of the potential benefits of holding interests in our diversified REIT rather than individual properties.'
Four Springs Capital Trust is a private real estate investment firm with a diversified portfolio of net leased properties leased to investment grade and other creditworthy tenants under long-term leases. Readers can get more information by contacting Cynthia Dalyat the Company at 877-449-8828 x7348 or info@fscap.net. You may also consult the original Businesswire release here.
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