Sep 03, 2014
Patoka Capital Exits Real Estate Portfolio for $44 Million
NEW ALBANY, Indiana – Patoka Capital announced that it has completed the sale of six single tenant net leased commercial properties in Missouri, South Carolina, West Virginia, Ohio, and Pennsylvania for a gross purchase price of $44 Million.
The transaction closed on September 30, 2014 with buyer Spirit Realty Capital (NYSE:SRC). Spirit Realty Capital is a Real Estate Investment Trust (REIT) company located in Scottsdale, Arizona with a investment portfolio exceeding $7 Billion compromised of approximately 2,100 properties across 48 states.
Additional information about Spirit Realty Capital can be found at the Company’s website www.spiritrealty.com