STORE Capital announces strong acquisition activity in 2014
STORE Capital Corporation (NYSE: STOR), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, reported on Dec. 31 strong acquisition activity for the fourth quarter and full year. The company’s real estate investment portfolio grew from $1.7 billion in gross investment dollars representing 622 property locations at Dec. 31, 2013, to $2.8 billion in gross investment dollars representing nearly 950 property locations at Dec. 31, 2014. STORE Capital invested over $1.1 billion in profit center real estate during 2014, including over $275 million in the fourth quarter. STORE Capital is planning to report its operating results for the fourth quarter and full year ended Dec. 31, 2014 during the last week of February 2015.
“With a solid fourth quarter for real estate asset acquisitions and further diversification of our property portfolio, STORE Capital continues to be one of the fastest growing net-lease REITs in the U.S.,” said Christopher H. Volk, president and CEO. “We are excited to start the New Year 2015 with such great momentum and look forward to continuing portfolio growth as the year progresses. At the heart of this growth has been the strong reception by our customers to our flexible, value-added real estate net lease finance solutions designed to help them efficiently manage their capital and improve the vitality of their businesses.”
On Jan. 1, Volk, rang the first opening bell of 2015 at the New York Stock Exchange to celebrate the Company’s recent listing on the Exchange. The Company’s common shares began trading on Nov. 18, 2014 in conjunction with its initial public offering of common stock.