Four Corners Property Trust, Inc. (NYSE : FCPT) acquired Fresenius Property in Michigan on March 21, 2022. The transaction was priced at a capitalization rate of 7.4% on rent today and a run rate capitalization rate of 6.9% based on forward rent, exclusive of transaction costs.

Four Corners Property Trust, Inc. (NYSE : FCPT) completed the acquisition of Fresenius Property in Michigan on March 21, 2022.