Latest news with #VIVECollision
Business Wire
4 hours ago
- Business
- Business Wire
SURMOUNT Advises VIVE Collision on Sale-Leaseback Portfolio Transaction with Four Corners Property Trust
NEW YORK--(BUSINESS WIRE)-- SURMOUNT, a leading full-service net lease real estate advisory and investment platform, is proud to announce that it served as the exclusive real estate advisor to VIVE Collision in the successful sale-leaseback of a portfolio of automotive service properties to Four Corners Property Trust (NYSE:FCPT) for $4.7 million. "SURMOUNT's guidance was instrumental in managing the process and achieving a successful outcome with a new real estate partner." - Justin Kundrat, Senior Vice President of Corporate Development at VIVE Collision Share This portfolio includes well‑located facilities in prime retail corridors across Maine and Vermont, all leased back under triple‑net leases with 20 years of term remaining. VIVE Collision, now operates over 60 locations across nine states in the Northeast and has been recognized for as one of the fastest-growing auto body repair platforms in the country. This transaction reflects continued momentum in the net lease market and underscores SURMOUNT's role as the leading sale-leaseback advisor to fast-scaling operating companies, financial sponsors, and multi-unit franchisees. 'We were able to create a highly competitive bidding environment that ultimately secured the lowest cap rate and most favorable terms achievable in today's market,' said Alex Marietto, Managing Director and Head of Business Development for SURMOUNT. 'With this transaction, we've now closed over 35 sale-leaseback deals on behalf of VIVE Collision and are proud to continue supporting their expansion strategy.' Justin Kundrat, Senior Vice President of Corporate Development at VIVE Collision, added, 'SURMOUNT's guidance was instrumental in managing the process and achieving a successful outcome with a new real estate partner. We are incredibly appreciative of the team at SURMOUNT and look forward to working with them again as we continue to scale our business.' This transaction further reinforces SURMOUNT's capabilities across net lease advisory, sale-leaseback, and institutional capital markets. About SURMOUNT SURMOUNT is a full-service commercial real estate firm offering global expertise in net lease advisory, sale leaseback, lease structuring, development, capital markets, and principal investments. With over 130 professionals across offices in New York City, Boston, Scottsdale, and Chicago, SURMOUNT provides end-to-end real estate services for private investors, REITs, private equity and financial sponsors, family offices, multi-unit franchisees, business owners, tenants, developers, and lenders.
Business Wire
2 days ago
- Automotive
- Business Wire
FCPT Announces Sale Leaseback of a Portfolio of Automotive Service Properties from VIVE Collision for $4.7 Million
MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ('FCPT' or the 'Company'), is pleased to announce the acquisition of a portfolio of automotive service properties for $4.7 million from VIVE Collision via sale leaseback. VIVE Collision operates more than 60 locations across nine states in the Northeast, with a focus on advanced repair capabilities, technician development and best-in-class service. The properties are located in strong retail corridors in Maine and Vermont and corporate-operated under long-term, triple net leases with approximately 20 years of term remaining. The transaction was priced at a cap rate in range with previous FCPT transactions. About FCPT FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. Additional information about FCPT can be found on the website at Category: Acquisition
