Realty Income Agrees to Acquire VEREIT in All-Stock Transaction, Create $50B REIT
View the article from April 30, 2021 on REBusiness Online
Scott Merkle spoke with Julia Sanders at REBusiness about Realty Income’s $50bn acquisition of VEREIT.
“This is a huge game changer for the REIT market,. It creates the sixth largest REIT, makes Realty Income multiples larger than the nearest net lease competitor, and allows them to become even more competitive for scarce assets and/or large sale-leasebacks.”