Spirit Realty Capital Inc
A net-lease real estate investment trust, Spirit Realty Capital bought and managed single-tenant "operationally essential" properties — free-standing stores, restaurants, and distribution centers — leased long-term to tenants who handle their own upkeep, insurance, and taxes. It began in 2003 as Spirit Finance Corp., founded by two colleagues who had previously worked together at Franchise Finance Corporation of America. Headquartered in Dallas, it was absorbed by fellow REIT Realty Income in early 2024.
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