Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Mr. Tire property for $1.2 million. The property is located in a highly trafficked corridor in New Jersey and is occupied under a net ground lease with approximately ten years of term remaining. The transaction was priced at a 6.5% capitalization rate, exclusive of transaction costs.
Robinhood Markets Stock Is Rising Thursday: What’s Going On?
Robinhood announced Thursday morning that it entered into an agreement to acquire Bitstamp and bring its globally-scaled crypto exchange to Robinhood. Bitstamp holds over 50 active licenses and registrations globally. Robinhood said it expects the takeover of the global exchange to significantly accelerate the company's crypto's expansion worldwide.
