Kutak Rock Guides REIT In $105M O'Charley's Leaseback

Law360, New York (October 18, 2011, 8:01 PM EDT) -- Store Capital, a retail-focused real estate investment trust, announced Monday it had completed a $105 million sale-and-leaseback deal with O'Charley's Inc., which operates more than 340 restaurants nationwide under three brands.

As part of the deal — the private equity firm's largest since it formed in May — Store Capital will buy 50 O'Charley's restaurant properties and rent the spaces back to the company under 20-year triple-net leases, in which O'Charley's will continue to pay property taxes and cover upgrades and repairs.

O'Charley's said it would...
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