LAKE COMO, N.J.--(BUSINESS WIRE)--Four Springs Capital Trust (“FSCT” or the “Company”) announced on August 22, 2016 that it acquired a single tenant medical building in Greenwood, IN for $8.03 million. The 16,694 square-foot building operates as a plasma collection facility for BioLife Plasma Services, an industry leader in the collection of high-quality plasma that is processed into life-saving plasma therapies.
“We welcome a terrific operator in the medical space to our portfolio. BioLife has a successful track record locating in core locations in order to best serve their customer base,” said Jared Morgan, SVP, Head of Acquisitions at Four Springs Capital Trust.
FSCT’s portfolio now contains 45 properties which are leased to 23 tenants, located in 20 states.
Cindy Daly, Director of Acquisitions, adds “This high-quality property, which is located in a busy retail and medical location with excellent demographics, is an exciting addition to Four Springs’ portfolio.”
About Four Springs Capital Trust
Four Springs Capital Trust is a private real estate investment trust focused on acquiring a diversified portfolio of single tenant retail, industrial/warehouse and healthcare properties net leased to investment grade and other creditworthy tenants under long-term leases. For more information about this announcement, please contact Jared Morgan, SVP, Head of Acquisitions, at 732-749-7003 or firstname.lastname@example.org.