from SNL Real Estate Daily
Realty Income details property transactions, fundraising
Byline: Karl Angelo Vidal
Realty Income Corp. bought properties between Oct. 1 and Dec. 1 for a total of about $1.1 billion.
The retail real estate investment trust also entered into agreements or letters of intent to buy additional properties worth more than $1.1 billion, it said in a business update. The transactions are expected to close in the fourth quarter.
The company also raised $1.55 billion in capital from Oct. 1 to Dec. 1. This consists of around $950 million in net proceeds from the sale of roughly 13.6 million common shares through Realty Income's at-the-market program and approximately $595 million from Orion Office REIT's cash distribution in connection with Orion's spinoff.
