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Spirit Realty Files to Spin-Off ShopKo Assets into New REIT

Net-lease REIT SpirSpirit Realty Capital Inc. (NYSE:SRC) filed paperwork to launch a separate REIT called Spirit MTA REIT following plans announced last summer to spin-off its ShopKo store-leased real estate and other properties into a separate publicly traded REIT. The new Spirit MTA REIT is expected to own investments in a portfolio of 901 properties, about 58% of which are operated under master leases. As of year-end 2017, the properties…

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