Four Corners Property Trust Announces Acquisition Of A Fast Pace Health Property For $2.1M
Portfolio Pulse from Benzinga Newsdesk
Four Corners Property Trust (FCPT) has acquired a newly constructed Fast Pace Health property in Louisiana for $2.1 million. The property is occupied under a long-term net lease and the transaction was priced at a cap rate in range with previous FCPT transactions.
June 14, 2023 | 10:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
FCPT acquires a Fast Pace Health property in Louisiana for $2.1M, expanding its portfolio and maintaining cap rate consistency.
The acquisition of the Fast Pace Health property by FCPT is a positive development for the company as it expands its portfolio and maintains cap rate consistency. This could lead to increased investor confidence and potentially a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100