Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of net-leased restaurant and retail properties, has expanded further into the healthcare real estate sector with its acquisition of six Novant Health Urgent Care properties for $12 million.
The properties based in South Carolina and are corporate operated under long-term, triple net leases. Four Corners Property Trust’s healthcare portfolio is approximately 9% of its total assets.
Novant Health is an integrated network of more than 900 locations, including 19 hospitals, more than 750 physician clinics and urgent care centers, outpatient facilities, and imaging and pharmacy services.
