Thursday , 17 August 2017
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REIT Buys 11 Buildings in Sale-Leaseback

HOUSTON – Store Capital, a Phoenix-based REIT that specializes in sale-leasebacks, has acquired an 11-building portfolio of Texas and Florida real estate.

The seller, CBS Rental & Supply, is one of the largest providers of construction equipment and construction rental supply in the Gulf Coast.

CBS Rental & Supply, which will continue to occupy the buildings, was represented by the Finial Group, a Houston-based commercial real estate firm. The CBS portfolio includes 11 buildings, with 212,451-SF of space on 34.2 acres.

Berkshire Hathaway, a holding company led by billionaire Warren Buffett, owns a large stake in Store Capital.

July 24, 2017 Realty News Report Copyright 2017

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