Spirit Realty Capital, Inc. Comments on Recent Announcement by Spirit MTA REIT
Spirit Realty Capital, Inc. (SRC)
Last spirit realty capital, inc. earnings: 2/25 06:31 am
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US:NYSE Investor Relations:
spiritrealty.com
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Source: Business Wire
DALLAS--(BUSINESS WIRE)-- Spirit Realty Capital, Inc. (NYSE:SRC) (“Spirit”), a net-lease real estate investment trust (REIT) that invests in single-tenant, operationally essential real estate, today commented on the announcement by Spirit MTA REIT (NYSE: SMTA) (“SMTA”), externally managed by Spirit, that SMTA’s Board of Trustees has reached a definitive agreement to sell the assets held in Master Trust 2014. The closing of the sale is subject to customary conditions, including the receipt of SMTA shareholder approval, and is expected to occur in the later part or end of the third quarter of 2019. “As I reiterated in my recent annual letter to Spirit stockholders, the resolution of SMTA’s accelerated strategic process is one of the most important 2019 initiatives for SRC. At conclusion of the announced $2.4 billion sale by SMTA, Spirit will be a simplified, pure-play, triple-net REIT. As the external mana
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