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Rite Aid has been an interesting tenant to follow over the last few years. Walgreens and Rite Aid entered into a merger agreement in October of 2015 before terminating the agreement in June of 2017 over mounting doubt the FTC would approve the action. Walgreens and Rite Aid announced a replacement to the deal whereby Walgreens would acquire 2,186 stores from Rite Aid for $5.175 billion. In September, this was amended to 1,932 locations at $4.375 billion. The agreement closed this past spring and all of the stores are expected by to fully integrated into Walgreens by the end of 2020.

Jonathan Hipp

Jonathan Hipp's passion for strategically matching investors to lucrative real estate opportunities that maximize value and exceed investment goals has been the driving force for his success throughout his 25-year career in real estate. His expertise in the commercial real estate market led him to co-found Calkain Companies in 2005, a company focused solely on single tenant net lease investment services. As President and CEO of Calkain, Jon has been instrumental in building the firm into one of the leading Net Lease real estate companies, transacting over $11 billion of triple net lease deal volume over the past 11 years. Realizing the value for his clients to have access to net lease information, Jon expanded Calkain's services to include brokerage, advisory, asset management, debt and equity placement, and industry research. In addition to brokering net lease transactions, Jon actively manages his real estate portfolio through Hipp Capital Holdings. He continually engages new investors, seeking out ideal revenue generating assets that match his investors’ portfolio strategies and risk tolerance. Jon has become a well-known resource, panelist, and speaker at various Net Lease and industry conferences and is a regular contributor to GlobeSt.com on real estate trends. In June 2015, his passion for the real estate business was again recognized when he was nominated for the Top Real Estate Player in the DC area by SmartCEO magazine.

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