Realty Income Puts Up $503M For Inland RE Portfolio

Law360, New York (December 17, 2013, 1:52 PM EST) -- Realty Income Corp. will buy 84 single-tenant properties from Inland Diversified Real Estate Trust Inc.and some of its subsidiaries for about $503 million, the companies said Tuesday, in a deal that moves Inland Diversified one step closer to a planned liquidity event.

The deal, which is expected to close in the first quarter of 2014, adds to Realty Income's property portfolio — already more than 3,800 properties deep — with the acquisition of the 100 percent net-leased properties.

"This exciting transaction positions Inland Diversified's national portfolio...
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