Latham Guides Spirit Realty In Creation Of $7.1B REIT

Law360, Los Angeles (January 22, 2013, 5:24 PM EST) -- Property financing company Spirit Realty Capital Inc. has acquired real estate investment trust Cole Credit Property Trust II to form a commercial real estate firm worth $7.1 billion, the companies said Tuesday.

The combined company will be the second-largest publicly traded triple-net-lease real estate investment trust in the U.S. and will own or have a stake in 2,012 properties in 48 states, according to the parties.

"This merger significantly accelerates Spirit Realty's business strategy and better positions us to deliver long-term value to our shareholders," Thomas...
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