Realty Income and Vereit, two major investors in single-tenant, net-lease properties, agreed to merge in a deal that would create a combined company with an enterprise value of $50 billion — at least temporarily. Part of the agreement calls for the spinoff of the two investors’ single-tenant office properties into a new separate entity.
Single-Tenant Retail Giants Realty Income and Vereit Agree To Merge
Combined Company To Spin Off Office Assets
CoStar News
April 29, 2021 | 4:06 P.M.
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IN THIS ARTICLE
- Companies
- Realty Income Corporation
Real Estate