SCOTTSDALE, Ariz.--(STORE Capital Corporation (the “Company”), a real estate investment firm formed to invest in single tenant operational real estate such as chain restaurants, supermarkets, health clubs, education and other retail, service and distribution facilities, today announced that it has funded or committed to fund more than $750 million in sale-leaseback transactions since its inception in May of 2011.)--
Christopher H. Volk, chief executive officer of STORE Capital, commented, “We are very pleased with the progress and momentum established during our first year of operations. In a relatively short period of time, our team of experienced real estate professionals has closed over one-half billion dollars worth of deals, which is a direct testament to the strong demand for our long-term, flexible financing solutions. We look forward to the coming year and are on track to reach $1 billion in sale-leaseback transactions by the end of 2012.”
In its short time in business, STORE Capital has tailored sale-leaseback transactions to fit the diverse needs of a wide range of market leading, real estate intensive institutions in several industries including casual dining and quick-service restaurants, for-profit secondary educational institutions, home furnishing stores, fitness centers, early childhood education and pre-school services, grocery stores, movie theaters, and other single tenant operational real estate. The Company is backed by certain investment funds managed by Oaktree Capital Management, L.P., a leading global investment management firm focused on alternative markets, with $78.7 billion in assets under management as of June 30, 2012.
About STORE Capital Corporation
STORE Capital Corporation is a new-generation real estate investment trust with a mission to address the long-term capital needs of real estate intensive operating businesses throughout the United States. Through tailored real estate lease and mortgage financing solutions, STORE’s aim is to create wealth for its customers by improving the capital efficiency of their businesses. For more information, visit www.storecapital.com.