LAKE COMO, N.J.--(BUSINESS WIRE)--Four Springs Capital Trust (“FSCT” or the “Company”) announced on October 3, 2016 that it acquired a portfolio of three single tenant medical buildings in American Fork, Utah; Riverton, Utah; and Longmont, Colorado for a total of $24.51 million. The buildings, which are each 16,694 sf, operate as plasma collection facilities for BioLife Plasma Services, an industry leader in the collection of high-quality plasma that is processed into life-saving plasma therapies.
“We are happy to expand our relationship with a premiere company in the medical space which prioritizes convenient access for its clients,” said Jared Morgan, SVP, Head of Acquisitions at Four Springs Capital Trust.
FSCT’s portfolio now contains 48 properties which are leased to 23 tenants, located in 21 states.
Cindy Daly, Director of Acquisitions, adds “These properties, which are of high quality construction in well-trafficked retail and medical areas, are a welcome 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 jmorgan@fsctrust.com.
