FCPT Announces Buyout of 19 Bloomin' Brands Restaurant Properties

Four Corners Property Trust (FCPT) recently announced the acquisition of 19 Bloomin' Brands restaurant properties for $66.4 million. The move aligns with FCPT's portfolio expansion efforts, with real estate leased to strong credit operators. The properties comprised a total of 20 restaurants, including 10 Outback Steakhouse restaurants and 10 Carrabba's Italian Grill restaurants. The 19 properties are located throughout 10 states namely Arizona, Florida, Georgia, Kentucky, Louisiana, North Carolina, Nevada, ...