Michelle Napoliis editor of Net Lease forum, from whichthis article is excerpted.
Scottsdale, AZ—In a deal that will mean one less netlease REIT for the public stock market but will boost the assets ofits private acquirer from about $500 million to $3.5 billion, GECapital Solutions has agreed to buy Trustreet PropertiesInc. "It's a big move to grow that product in our portfolio,"says Diane Cooper, president and CEO of the Scottsdale, AZ-basedfranchise finance business unit of Danbury, CT-based GE CapitalSolutions.
Because the GE business has sold properties in the past, Coopertells Net Lease forum the acquisition is a "greatopportunity to reload," adding, "Growth is a big thing for ourbusiness. But it's not growth for growth's sake. It has to be astrategic fit."
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