Realty Income Corp., one of the largest U.S. real estate investment trusts, agreed to buy 454 single tenant properties leased mostly by Dollar Tree, Walgreens and other chains from an affiliate of CIM Group in a $1.25 billion deal that marks the increasing appetite of investors for retail properties where tenants pay most of the operating expenses.
Realty Income to Buy Retail Properties Across 41 States for $1.25 Billion
A Quarter of the 454 Properties Sold by CIM REIT Are Dollar-Style Stores Valued by Investors
CoStar News
September 4, 2019 | 4:49 P.M.
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