MA: EG Group enters $1.5 bil sale-leaseback deal

摘要

British retailer EG Group has agreed to sell 415 U.S. conveniencestore properties to Realty Income Corp. for $1.5 billion and lease backthe stores for a 20-year period, according to March 6 announcements.Realty Income estimates the cap rate at 6.9.Finance experts have said sale-leaseback financing has becomepopular in the high interest rate environment.