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FCPT Announces Acquisition of Six Restaurant Properties from Brookfield Properties for $7.5 Million

Four Corners Property Trust (NYSE:FCPT) announced the acquisition of six restaurant properties for $7.5 million from Brookfield Properties. The transaction spans five brands, including Texas Roadhouse (2), Applebee's, Olive Garden, Panera Bread and Sonic.

The properties are outparcels to four Brookfield owned malls located in CA (3 outparcels at the same mall), AZ, IL, and MI and are a mix of corporate-operated (3) and franchisee-operated (3) locations. The sites are...

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Nov 21 11:44 AM, General News



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