This represents the first of four single-tenant, triple-net deals that IPS is working on, says Jack Gindi, president and chief executive officer of the privately held IPS.
The sale of the Wendy's took only four months form start to close, he says.
IPS acquires, manages, and sells apartments, offices, retail and other income-producing companies. It tries to identify undervalued properties and then add value throughmore efficient management.
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