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SCOTTSDALE, AZ-GE Commercial Finance, Franchise Finance has acquired a portfolio that combines free real estate, associated capital, lease holdings and leasebacks in the amount of $203 million from Trustreet Properties Inc.

According to Trey Brown, executive vice president and commercial lender for GE Commercial, the deal was structured on triple net leases and leasebacks with the Orlando-based Trustreet. He tells GlobeSt.com that another attractive aspect of the deal was the quick turnaround: a 45-day closing.

“The partners are familiar with one another and they remain as one of many very reliable partners we do business with,” Brown says. “We put a lot of resources around this and we mobilized a large team quickly to take advantage of the timing. The sooner we could get the assets the better.”

The assets in the portfolio still had a life term of between 10 and 15 years on average, with brands including Ruby Tuesday, Taco Bell, T.G.I.F. Friday and Wendy’s. “This was a broad spread of concepts we’re very comfortable with,” Brown notes.

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