AUGUST 5, 2019

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Spirit MTA REIT to sell assets for $2.4b

by Released

Spirit MTA REIT, a net-lease REIT headquartered in Dallas, has agreed to sell its owned properties held in the company’s Master Trust 2014 and three assets presently owned by Spirit Realty Capital, Inc. to Hospitality Properties Trust for $2.4 billion.

SMTA owns one of the largest, most diversified and seasoned commercial real estate–backed master funding vehicles. SMTA is managed by a wholly-owned subsidiary of Spirit Realty Capital, one of the largest publicly traded triple net-lease REITs.

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