LAKE COMO, N.J.--(BUSINESS WIRE)--Four Springs Capital Trust announced today that it has acquired 27 properties year-to-date in 2018, a sizable increase over property acquisitions in 2017.

Year-to-date in 2018, Four Springs Capital Trust has acquired 27 properties in 11 separate transactions for a total of $89.7 million. Medical and industrial properties comprised 32% and 24% of transaction volume respectively, in line with management’s goal of building a balanced portfolio of income-producing assets. Sale-leasebacks continue to be an active strategy for the company and comprised 40% of YTD transaction volume. Four Springs Capital Trust now owns 76 properties in 28 states, leased to 34 tenants. The company’s $319 million portfolio is diversified by industrial, medical, retail and office properties, and is 100% occupied.

“Our acquisitions team has made tremendous progress this year in building out our portfolio of institutional-quality single tenant net leased commercial real estate assets,” said Coby Johnson, President of Four Springs Capital Trust. “We continue to see strong investor demand for our strategy of acquiring properties with long-term leases to creditworthy tenants.”

Four Springs Capital Trust attributes much of its recent success to institutional practices across the organization. The company received an investment grade rating from leading credit rating agency Egan Jones during the third quarter, and during 2018 was underwritten by several institutional investors, including global asset management firm Guggenheim Partners, which invested $40 million into the REIT earlier this year.

“We remain disciplined in our growth and are continuing to execute on our differentiated strategy to create value for our shareholders as we scale our net lease REIT,” said William Dioguardi, Chief Executive Officer of Four Springs Capital Trust. “We have seen remarkable momentum in the marketplace from institutional investors, family offices, RIAs and broker-dealers who are recognizing the outperformance of net lease real estate through full cycles and are seeking its lower volatility benefits in the late stage of our current economic cycle.”

About Four Springs Capital Trust:

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