FCPT Announces Acquisition via Sale-Leaseback of a Christian Brothers Automotive Property for $4.3 Million
MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ('FCPT' or the 'Company'), is pleased to announce the acquisition via sale-leaseback of a Christian Brothers Automotive property for $4.3 million. The property is located in a strong retail corridor in Illinois with high traffic and attractive demographics. The property is under a long-term lease guaranteed by the corporate entity. The transaction was priced at a cap rate in range with previous FCPT transactions.
About FCPT
FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. Additional information about FCPT can be found on the website at www.fcpt.com.
Category: Acquisition
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
16 minutes ago
- Business Wire
ELEV Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Elevation Oncology, Inc. Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Elevation Oncology, Inc. (NASDAQ: ELEV) to Concentra Biosciences, LLC is fair to Elevation shareholders. Under the terms of the proposed transaction, Elevation shareholders will receive $0.36 in cash per share, plus one non-tradeable contingent value right representing the right to receive: (i) 100% of the closing net cash in excess of $26.4 million; and (ii) 80% of any net proceeds received within five years following closing from any disposition of EO-1022 that occurs within one year following closing. Halper Sadeh encourages Elevation shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@ or zhalper@ The investigation concerns whether Elevation and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Elevation shareholders; (2) determine whether Concentra is underpaying for Elevation; and (3) disclose all material information necessary for Elevation shareholders to adequately assess and value the merger consideration. On behalf of Elevation shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses. Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors. Attorney Advertising. Prior results do not guarantee a similar outcome.
Yahoo
20 minutes ago
- Yahoo
Total Expert Announces Voice AI Sales Assistant Purpose Built for Mortgage Lending
Agentic technology helps lenders scale growth and improve customer retention by boosting engagements, conversions, and productivity MINNEAPOLIS, June 09, 2025--(BUSINESS WIRE)--Total Expert, the FinServ leader in customer engagement software, today announced the debut of its AI Sales Assistant at The Gathering by HousingWire. The new AI-powered assistant is already in private beta with select customers, including several top 10 lenders. Human Like Conversations via Voice/SMS The AI Sales Assistant is not a chatbot retrofitted for financial services—it is an enterprise-grade, agentic AI system, capable of scalable intelligent human-like conversations across voice and SMS. "With over 1.5 million mortgage-specific human-like voice calls successfully completed, the technology has far exceeded everyone's expectations on the impact AI can have," said Joe Welu, Chief Executive Officer at Total Expert. "We believe AI should supercharge people like loan officers who are considered trusted advisors, by keeping the human in the loop in the key moments of the customer journey—like when a borrower is ready to start talking about specific loan options. Many of the other lower-value sales tasks, like following up with cold leads, can and should be handled by an AI sales assistant—allowing them to reach levels of productivity they never considered possible." Unlike most technology vendors that are racing to splash AI onto everything without clear ROI, Total Expert has taken a more deliberate and thoughtful approach to AI by focusing on going deep into important workflows across the customer journey and indexing on the most important business outcomes. AI That Works for Lending Core capabilities of the AI Sales Assistant include: Proactive, timely outreach triggered by borrower intent signals Initiating and following up with prospects through high-quality and brand-aligned voice conversations Voice-based engagement aligned with lender brand standards Capturing key borrower data, including goals and application details Completing handoffs and updates CRM systems with full conversation context Compliant-aware communication with full audit trails and secure encryption With the assistant handling repetitive outreach and qualification tasks, loan officers are freed to focus on what matters most: building relationships and closing applications. Enterprise-Grade Compliance and Data Integrity Total Expert's AI Sales Assistant is built on a foundation of trust, privacy, and control: Independent training for LLMs that never uses customer data Continuous independent training models, meeting FinServ Data Security Standards Encryption at rest and in transit Awareness and perspective for TCPA, and other mortgage-specific regulations Full auditability for communication tracking "We don't bolt on compliance after the fact," said Welu. "We build it in—so lenders can innovate without risking trust or regulatory exposure." Early Results and What's Ahead Currently in private beta with select institutions, the AI Sales Assistant is already driving unprecedented surges in productivity and conversion rates in early use through: Increased speed-to-lead and engagement rates Refined cadence for follow-ups that are often missed or delayed Better-qualified borrowers reaching loan officers at the right moment Higher conversion on lower quality leads The assistant is designed to evolve through real-world use and feedback, enabling lenders to refine agent behavior to align with their unique brand, regulatory guidelines, and sales strategies. See It in Action Total Expert will be showcasing AI Sales Assistant at HousingWire: The Gathering, June 8-11, offering live demos for lenders looking to gain an edge in today's competitive market. To learn more or request a private demo, visit About Total Expert Total Expert is the purpose-built customer engagement platform trusted by more than 200 financial enterprises. Total Expert unifies data, marketing, sales, and compliance solutions to deliver the perfect customer journey across every financial milestone—in any market. Total Expert turns customer insights into actions that increase loyalty and drive growth for modern banks, lenders, credit unions, and insurance companies. View source version on Contacts MEDIA CONTACT Allison
Yahoo
20 minutes ago
- Yahoo
Why Newmont Corporation (NEM) Crashed On Friday
We recently published a list of . In this article, we are going to take a look at where Newmont Corporation (NYSE:NEM) stands against other Friday's worst-performing stocks. Newmont extended its losing streak to a fourth straight day on Friday, losing 3.94 percent to end at $52.36 apiece as investors unloaded positions following the drop in gold prices. On the same day, gold saw its spot prices decline by 1.26 percent to $3,310.42 per troy ounce, amid a profit-taking from the previous day's gains. In the first quarter of the year, Newmont Corporation (NYSE:NEM) achieved a 1,012-percent increase in net income attributable to shareholders in the first quarter of the year, at $1.89 billion versus the $170 million in the same period last year. A gold mine entry with a conveyor belt transporting minerals from the depths of a shaft. Revenues amounted to $5.01 billion, representing an increase of 24 percent from the $4.02 billion in the same period a year earlier. Amid the impressive performance, Newmont Corporation (NYSE:NEM) declared a $0.25 cash dividend to common stockholders as of May 27, payable on June 20. Newmont Corporation (NYSE:NEM) is a leading gold mining company, which also produces copper, zinc, lead, and silver. Overall, NEM ranks 9th on our list of Friday's worst-performing stocks. While we acknowledge the potential of NEM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
