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 a subsidiary of Spirit, that SMTA’s shareholders approved the previously-announced sale of substantially all of the assets of the Company, and three travel center properties presently owned by a subsidiary of Spirit, to Hospitality Properties Trust (“HPT”) (NASDAQ: HPT) for $2.4 billion in total cash consideration, subject to certain adjustments. Shareholders also approved SMTA’s Plan of Voluntary Liquidation. Finally, SMTA announced that on August 30, 2019, it recovered all remaining amounts due under the Shopko B-1 Term Loan provided by Spirit in January of 2018 to Shopko Stores Operating Co., LLC (“Shopko”).“We are pleased to share the news that SMTA shareholders have approved the sale of M
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