FCPT acquires a Caliber Collision property.
M2 EQUITYBITES-December 31, 2021-FCPT acquires a Caliber Collision property
(C)2021 M2 COMMUNICATIONS http://www.m2.com
Four Corners Property Trust (NYSE:FCPT) on Thursday revealed the acquisition of a Caliber Collision property for USD3.0m.
The company said that the property is located in a dense corridor in Pennsylvania, USA and is corporate-operated with about eight years of term remaining.
The transaction was priced at a 6.2% going-in cash capitalisation rate, exclusive of transaction costs, the company added.
A real estate investment trust, FCPT owns...
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