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Nov 1, 2021 · SAN DIEGO and PHOENIX, Nov. 1, 2021 /PRNewswire/ -- Realty Income Corporation ( Realty Income, NYSE: O), The Monthly Dividend Company ®, and VEREIT, Inc. (NYSE: VER) ("VEREIT") today announced the completion of their previously announced merger.
VEREIT, Inc. was a real estate investment trust headquartered in Phoenix, Arizona that invested in single-tenant retail, restaurant, office and industrial properties.
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.
May 13, 2021 · Realty Income's stronger investment rating will allow the new company to refinance VEREIT's debt at better rates, which is one of the key synergies for the transaction.
Apr 29, 2021 · 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.
Apr 29, 2021 · Vereit, a publicly traded company with 3,800 properties in retail, restaurant, office and industrial sectors, will be bought by Realty Income Corp. of San Diego. The deal will result in a spin-off of most office properties and a move of Vereit's headquarters to San Diego.
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May 10, 2021 · On April 29, 2021, Realty Income ( NYSE: O) agreed to acquire fellow REIT VEREIT ( VER) in an all-stock transaction. The merger is projected to complete in the fourth quarter of 2021.
