US real estate investment firm Secure Properties has acquired a 12-property portfolio in Georgia and Alabama for $20m (€18.3m).
Secure Properties, which specialises in net lease properties, said eight of the locations are leased to independent operators, while the remaining four are leased directly to Burger King Corporation.
Brian Mansouri, managing principal of Secure Properties, said: “This transaction provides us with high-quality, income-generating assets that will contribute to our continued growth.
“We are committed to further expanding our portfolio through similar acquisitions and strengthening our partnerships with operators across the US.”
To read the latest IPE Real Assets magazine click here.
