Real estate investment trust (REIT) acquisitions have been red hot over the last few years. In July, Nareit, the national association of REITs, said that 25 REITs had merged or been acquired since the beginning of 2021.
The latest REIT to join the acquisition club is retail net lease REIT Store Capital (NYSE: STOR) . Earlier this month, the company announced that it entered into a definitive agreement to be acquired by global investor GIC, in partnership with net lease investment firm Oak Street.
While the acquisition isn't complete yet, here's what it could mean for investors.
For further details see:
Another REIT Bought Out: What This Acquisition Means for Investors