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Realty Income Enters $348M Sale-Leaseback with Buffets/Ryan's Restaurants

National Dining Chain Will Continue to Run 144 Properties in 21 States
By Laurie Forbes
November 8, 2006 | 8:53 AM

Realty Income Corp., The Monthly Dividend Co.® (NYSE:O) completed its acquisition of 144 Buffets/Ryan's restaurant properties in connection with a transaction with affiliates of Fortress Investment Group LLC for approximately $348 million. Subsidiaries of Buffets Inc. are leasing the properties under an average of 20-year, net-lease agreements.

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