FCPT Announces Acquisition of a VCA Animal Hospital Property for $6.1 Million

Core Insights - Four Corners Property Trust (FCPT) has announced the acquisition of a VCA Animal Hospital property for $6.1 million, indicating a strategic move to expand its portfolio in the healthcare sector [1] Company Summary - FCPT is a real estate investment trust (REIT) focused on owning and acquiring high-quality, net-leased restaurant and retail properties, showcasing its commitment to diversifying its asset base [1] - The acquired property is located in a high-traffic area in Illinois, which is expected to enhance the value and visibility of the investment [1] - The transaction involves a corporate-operated facility under a long-term net lease, providing stability and predictable cash flows for the company [1]