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Nov 1, 2021 · Realty Income, a leading net lease REIT, and VEREIT, a global net lease company, announced the closing of their merger on November 1, 2021. The combined company will trade under the symbol \"O\" on the NYSE and expects to spin off its office assets into Orion REIT.
VEREIT, Inc. was a real estate investment trust headquartered in Phoenix, Arizona that invested in single-tenant retail, restaurant, office and industrial properties. As of December 31, 2020, the company owned 3,831 properties with an aggregate of 89.7 million square feet. [1]
Nov 1, 2021 · Realty Income Corporation and VEREIT, Inc. completed their merger on November 1, 2021, creating the leading net lease REIT. The combined company will trade under the symbol \"O\" on the NYSE, while VEREIT's office properties will be distributed to Realty Income stockholders as Orion Office REIT Inc.
Realty Income, a net lease REIT, will merge with VEREIT, a diversified REIT, in an all-stock transaction with an enterprise value of $50 billion. The merger is expected to create a leading net lease company with increased scale, diversification, and accretion.
VEREIT is a REIT that owns and manages single-tenant commercial properties in the U.S. Learn about its history, values, specialties, locations, employees and more on LinkedIn.
May 13, 2021 · Realty Income, a Dividend Aristocrat, will buy VEREIT, a turnaround REIT, in an exchange of shares. The merger will create a diversified portfolio of 10,300 properties and a spin-off of office assets.
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Aug 12, 2021 · Realty Income Corporation and VEREIT, Inc. announced that their stockholders voted in favor of the merger that will create a REIT with over 6,700 properties and $14.5 billion in real estate investments. The merger is expected to close during the fourth quarter of 2021 and is subject to customary conditions.
