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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.