SCOTTSDALE, AZ-Spirit Finance Corp., a real estate investment trust in the US, has been listed for sale. Owners, including Macquarie Group, are trying to sell the trust for about $3.5 billion. Lexington Realty Trust, National Retail Properties and Realty Income Corp were among the companies approached for the sale.
Spirit owned/financed up to 1,157 realty assets, and at the end of 2009 the trust had $3.5 billion worth assets on the record with a total of $2.9 billion in debt. For the full story, go to Reuters.
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