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Fcpt Announces Acquisition Of An Aspen Dental Property For $2.3 Million

May 25, 2022about 3 years ago

Acquiring Company

Four Corners Property Trust

Acquired Company

Aspen Dental Property

Mill ValleyReal Estate

Description

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of an Aspen Dental property for $2.3 million. The property is located in a dense retail corridor in Missouri and is occupied under a net lease to the corporate entity. The transaction was priced at a cap rate in range with previous FCPT transactions.

Company Information

Company

Four Corners Property Trust

Location

Mill Valley, California, United States

About

Four Corners Property Trust (FCPT) is a real estate investment trust primarily engaged in the ownership, acquisition, and leasing of high-quality, net-leased restaurant and retail properties. The company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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