LAKE COMO, N.J.--(BUSINESS WIRE)--Four Springs Capital Trust (“FSCT” or the “Company”) acquired an additional 116,782 square feet of net leased properties to its portfolio during the fourth quarter of 2013. The total consists of (i) a 100,000 square foot build-to-suit industrial building net leased to a subsidiary of Monsanto Company (NYSE: MON) (the lease guarantor) and (ii) a 16,782 square foot kidney dialysis clinic building net leased to a subsidiary of Fresenius Medical Care (NYSE: FMS) (the lease guarantor).
These acquisitions evidence the Company’s continued commitment to further diversify its portfolio by property type to include industrial/warehouse and medical office properties as well as retail properties while maintaining its focus on strong tenants and long remaining lease terms.
“We are proud to add another strong company, Monsanto, to our tenant mix, and we are pleased to expand our relationship with Fresenius, each being a leader in its respective industry,” said William Dioguardi, President and Chief Executive Officer of Four Springs Capital Trust.
Four Springs Capital Trust is a private real estate investment trust focused on acquiring a diversified portfolio of retail, industrial/warehouse and medical properties net leased to investment grade and other creditworthy tenants under long-term leases.