LAKE COMO, N.J.--(BUSINESS WIRE)--Four Springs Capital Trust announced on August 11, 2016 that it acquired a strategically important single tenant office building in Mt. Laurel, NJ for $19.4 million. The 87,460 square foot office building houses the Southern New Jersey operations of Blue Cross Blue Shield of New Jersey, the state’s largest health insurance company, serving approximately 3.8 million members.

“This high quality, strategically important property is an attractive addition to our diversified portfolio of single tenant net leased industrial, retail, and healthcare properties. This transaction is a product of our disciplined investment approach and demonstrates our increasing ability and desire to execute on transactions of this size,” said Jared Morgan, SVP, Head of Acquisitions at Four Springs Capital Trust.

FSCT’s portfolio now contains 44 properties which are leased to 22 tenants, located in 20 states.

Cindy Daly, Director of Acquisitions, adds “The compelling real estate fundamentals of this property, together with its strong demographics and convenient access to highways and retail amenities, are consistent with our rigorous acquisition criteria.”

About Four Springs Capital Trust

Four Springs Capital Trust is a private real estate investment trust focused on acquiring a diversified portfolio of retail, industrial/warehouse and healthcare properties net leased to investment grade and other creditworthy tenants under long-term leases.

For more information about this announcement, please contact Jared Morgan, SVP, Head of Acquisitions, at 732-749-7003 or jmorgan@fsctrust.com.