Triple-net-lease REITs merge

January 2013
SCTWeek;1/25/2013, Vol. 18 Issue 4, p3
The article reports on the consolidation of real estate investment trust (REIT) firms Cole Credit Property Trust II Inc. and Spirit Realty Capital Inc. in Phoenix, Arizona. It states that each company owned triple-net-lease properties and each of Spirit's share is exchanged for CCPT's 1.9 shares. Spirit Realty chief executive officer (CEO) and chairman Thomas H. Nolan Jr. believes that the merger will enhance the company's access to capital markets.


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