FCPT Announces Acquisition of Nine American Family Care Properties for $21.2 Million
Four Corners Property Trust (NYSE:FCPT) has acquired nine American Family Care properties for $21.2 million. The acquisition includes seven properties in Alabama and two in Tennessee, all situated in prime retail corridors. American Family Care, operating 384 clinics across 33 states, specializes in urgent care, family care, and primary care services. The properties are corporate-operated under long-term, triple net leases with approximately 14 years of remaining term. The transaction's cap rate aligns with FCPT's previous transactions.
Four Corners Property Trust (NYSE:FCPT) ha acquisito nove proprietà American Family Care per 21,2 milioni di dollari. L'acquisizione include sette proprietà in Alabama e due in Tennessee, tutte situate in aree commerciali di primo livello. American Family Care, che gestisce 384 cliniche in 33 stati, si specializza in assistenza urgente, assistenza familiare e servizi di assistenza primaria. Le proprietà sono gestite a livello aziendale sotto contratti di locazione a lungo termine, triple net, con circa 14 anni rimanenti. Il tasso di capitalizzazione della transazione è in linea con le precedenti operazioni di FCPT.
Four Corners Property Trust (NYSE:FCPT) ha adquirido nueve propiedades de American Family Care por 21,2 millones de dólares. La adquisición incluye siete propiedades en Alabama y dos en Tennessee, todas situadas en corredores comerciales prime. American Family Care, que opera 384 clínicas en 33 estados, se especializa en atención urgente, atención familiar y servicios de atención primaria. Las propiedades son operadas por la empresa bajo arrendamientos a largo plazo, triple neto, con aproximadamente 14 años de plazo restante. La tasa de capitalización de la transacción está alineada con las transacciones previas de FCPT.
포코너즈 프로퍼티 트러스트 (NYSE:FCPT)가 아메리칸 패밀리 케어 부동산 9개를 2,120만 달러에 인수했습니다. 인수에는 앨라배마주에 있는 7개 부동산과 테네시주에 있는 2개 부동산이 포함되며, 모두 주요 소매 지역에 위치해 있습니다. 아메리칸 패밀리 케어는 33개 주에서 384개의 클리닉을 운영하며, 응급 치료, 가족 치료 및 1차 진료 서비스를 전문으로 합니다. 해당 부동산은 약 14년의 남은 기간과 함께 장기 실시, 트리플 넷 리스 계약 하에 기업 운영되고 있습니다. 거래의 수익률은 FCPT의 이전 거래와 일치합니다.
Four Corners Property Trust (NYSE:FCPT) a acquis neuf propriétés American Family Care pour 21,2 millions de dollars. L'acquisition comprend sept propriétés en Alabama et deux dans le Tennessee, toutes situées dans des corridors commerciaux de premier choix. American Family Care, qui opère 384 cliniques dans 33 États, se spécialise dans les soins d'urgence, les soins familiaux et les services de soins primaires. Les propriétés sont gérées par l'entreprise sous des baux à long terme, triple net, avec environ 14 ans restants. Le taux de capitalisation de la transaction est en ligne avec les transactions précédentes de FCPT.
Four Corners Property Trust (NYSE:FCPT) hat neun American Family Care-Immobilien für 21,2 Millionen Dollar erworben. Der Erwerb umfasst sieben Immobilien in Alabama und zwei in Tennessee, die alle in erstklassigen Einzelhandelskoridoren liegen. American Family Care, das 384 Kliniken in 33 Bundesstaaten betreibt, spezialisiert sich auf Notfallversorgung, Familienversorgung und primäre Versorgungsdienste. Die Immobilien werden unter langfristigen, dreifach Nettomieten betrieben, mit einer verbleibenden Laufzeit von etwa 14 Jahren. Die Kapitalisierungsrate der Transaktion steht im Einklang mit den vorherigen Transaktionen von FCPT.
- Strategic acquisition of 9 properties in strong retail locations
- Long-term triple net leases with 14 years remaining
- Properties operated by established healthcare provider with 384 clinics nationwide
- Transaction cap rate consistent with company's previous deals
- None.
Insights
This
The healthcare sector, particularly urgent care, has shown resilience and growth potential, making this diversification move particularly noteworthy. The cap rate alignment with previous transactions indicates disciplined pricing, while the corporate-operated nature of these facilities adds another layer of tenant credit quality. For a REIT with a
The acquisition of American Family Care facilities represents a compelling opportunity in the growing urgent care sector. These facilities typically require less specialized build-outs compared to full-scale medical centers, while generating steady patient traffic and reliable revenue streams. The triple-net lease structure is particularly advantageous in healthcare properties, where tenant improvements and ongoing maintenance can be costly.
The 14-year lease term is notably strong for urgent care facilities, which typically see 10-year terms, suggesting tenant confidence and commitment to these locations. The concentration in Alabama and Tennessee markets, where American Family Care has strong brand recognition, enhances the properties' long-term viability. The urgent care sector's growth trajectory, driven by consumer preference for convenient, cost-effective care options, makes this a strategically timed acquisition for FCPT's portfolio diversification.
About FCPT
FCPT, headquartered in
Category: Acquisition
View source version on businesswire.com: https://www.businesswire.com/news/home/20241220668450/en/
Four Corners Property Trust:
Bill Lenehan, 415-965-8031
CEO
Patrick Wernig, 415-965-8038
CFO
Source: Four Corners Property Trust
FAQ
How many American Family Care properties did FCPT acquire and for what amount?
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What is the lease term remaining on FCPT's newly acquired properties?
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What type of healthcare services does American Family Care provide?
