Four Corners Property Trust Acquires Five Fresenius Medical Care Properties For $9.4 Million

Real estate investment trust Four Corners Property Trust (FCPT) paid $9.4 million to acquire five Fresenius Medical Care properties in Louisiana. The properties are corporate-operated under net leases with a weighted average of 6 years of the lease term remaining.

Fresenius Medical Care provides a nationwide network of dialysis facilities and outpatient cardiac and vascular labs. It provides specialty pharmacy and laboratory services, and manufactures and distributes a comprehensive line of dialysis equipment, disposable products, and renal pharmaceuticals.

FCPT primarily focuses on owning and acquiring high-quality, net-leased restaurant and retail properties. Its portfolio includes 919 properties . . .