Four Springs Capital Trust is a real estate investment trust aimed at acquiring properties to diversify its portfolio. Today, the company announced a completed acquisition deal of a 19,530 square foot industrial property. The said property was leased to Federal Express Corporation. Further, the property is located in Blackman Township, Jackson County, Michigan.
According to the company's president and chief executive officer William Dioguardi, the purchase increased Four Springs' presence in the industrial and warehouse sector. It also boosted the company's expanding portfolio and added to its numerous properties in the healthcare and retailing sectors. Dioguardi further added that the acquisition of the property would demonstrate a continued commitment of the company to its shareholders to assemble a diversified portfolio of net leased properties.
Four Springs Capital Trust focused on establishing a wide portfolio of properties which are net leased to investment grade and other creditworthy tenants that sought long term leases.
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