Jericho REIT buys 30 properties in four states for $52M

New York /
Apr.April 23, 2018 02:23 PM

Getty Realty, a publically-traded REIT based in Jericho, bought 30 gas station and convenience store properties from E-Z Mart Stores for $52 million. As part of the deal, Getty turned around and leased the properties in Arkansas, Louisiana, Oklahoma and Texas to Virginia-based GPM Investments — one of the country’s largest convenience store operators. Getty specializes in owning, leasing and financing these types of properties. As of December 2017, it owned 828 properties and leased another 79 from third-party landlords in 28 states. [LIBN]


Related Articles

arrow_forward_ios
23 Ezekillis Hollow in Sag Harbor (Photos courtesy of Compass)

Year’s most expensive home in Sag Harbor sold for $15M

Year’s most expensive home in Sag Harbor sold for $15M
Mahnaz Zahedi pictured with her parents in 1962 (inset) and  444 E Alexander Palm Road (Getty, Zillow)

Hotelier buys waterfront Boca Raton home for $6M

Hotelier buys waterfront Boca Raton home for $6M
Long Island is aiming to keep the business it grabbed from the city during the pandemic, and it now knows how. (iStock)

Long Island plots to keep its pandemic gains from NYC

Long Island plots to keep its pandemic gains from NYC
Bronx-Manhattan North Association of Realtors' Eliezer Rodriguez and Hudson Gateway Association of Realtors' Richard Haggerty (Photos via Facebook)

New York’s biggest MLS gets bigger after merger

New York’s biggest MLS gets bigger after merger
Ed D’Ambrosio (center) with Dottie Herman and Rory Golod (Elliman, Twitter)

O Brother, where art thou? Dottie Herman’s brother leaves for Compass

O Brother, where art thou? Dottie Herman’s brother leaves for Compass
J.C. Penney at the Westfield South Shore mall in Long Island and  J.C. Penney CEO Jill Soltau (Google Maps; Getty)

J.C. Penney to keep Bay Shore outpost open for now

J.C. Penney to keep Bay Shore outpost open for now
State Sens. Brian Kavanagh and Kevin Thomas (NY Gov; Getty; iStock)

“What would we discipline them for?”: Brokers deny discrimination at heated hearing

“What would we discipline them for?”: Brokers deny discrimination at heated hearing
Chopper ride-sharing services are seeing increased demand for Hamptons helicopter route as wealthy New Yorkers book commutes to Manhattan (Illustration by The Real Deal; iStock)

Chopper rides from Hamptons fly off the shelves as Covid changes plans

Chopper rides from Hamptons fly off the shelves as Covid changes plans
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...