Five of the properties are vacant; one is occupied by BB&T. The Georgia locations are a 3,710-sf branch in Lithonia and a 2,000-sf branch in Sylvania. The Florida properties are a 3,200-sf branch in Cocoa Beach; an 8,150-sf branch in West Palm Beach; and two branches, 3,230 and 5,550 sf, in Indian Harbour. The Pennsylvania REIT already has contracted to sell one of the vacant assets. Four properties are being marketed for lease.

"Our formulated price contracts allow us to purchase valuable real estate at favorable prices in a timely and predictable manner," says Nicholas S. Schorsch, president and CEO of American Financial.

The REIT focuses on acquiring and leasing properties occupied by financial institutions. American Financial, traded on the New York Stock Exchange as AFR, owns and manages its assets primarily under long-term triple net and bond net leases with banks.