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Spirit Realty Capital receives 90% of Q3 base rent

Nov 03, 2020 - SNL Real Estate Daily

The real estate investment trust said it raised $42.2 million in gross proceeds from the disposition of 11 properties, of which four were vacant.

Spirit Realty Capital Inc. secured 90.0% of third-quarter base rent of $118.2 million and 93.3% of October base rent of $40.3 million as of Oct. 26.

The single-tenant real estate investment trust made an investment of $215.3 million, including $214.3 million for the acquisition of 18 properties, with an initial weighted average cash yield o...