Four Corners Property Trust, a REIT primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties, acquired a Fresenius Medical Care property for $3.1 million. The property is in a high-traffic corridor in Louisiana and is corporate-operated under a net lease with approximately six years of term remaining. The transaction was priced at a 6.6% going-in cash capitalization rate, exclusive of transaction costs. Read more.
FCPT Acquires a Fresenius Medical Care Property in Louisiana for $3.1M
