M&A Deal Summary

Realty Income Acquires Vereit

On April 29, 2021, Realty Income acquired real estate company Vereit

Acquisition Highlights
  • This is Realty Income’s 4th transaction in the Real Estate sector.
  • This is Realty Income’s 5th transaction in the United States.
  • This is Realty Income’s 1st transaction in Arizona.

M&A Deal Summary
Date 2021-04-29
Target Vereit
Sector Real Estate
Buyer(s) Realty Income
Deal Type Merger
Advisor(s) Wachtell, Lipton, Rosen & Katz (Legal)

Target

Vereit

Phoenix, Arizona, United States
Vereit is a full-service real estate operating company that owns and manages one of the largest portfolios of single-tenant commercial properties in the U.S. The Company has total real estate investments of $14.6 billion including approximately 3,800 properties and 89.5 million square feet. Vereit's business model provides equity capital to creditworthy corporations in return for long-term leases on their properties. Vereit was formed in 2015 and is based in Phoenix, Arizona.

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Buyer(S) 1

Buyer

Realty Income

San Diego, California, United States
Category Company
Sector Real Estate
Employees418
Revenue 4.1B USD (2023)
DESCRIPTION

Realty Income is a real estate investment trust (REIT). The Company is engaged in acquiring and owning freestanding retail and other properties that generate rental revenue under long-term lease agreements (primarily 10 to 20 years). Realty Income is based in San Diego, California.

DEAL STATS #
Overall 5 of 6
Sector (Real Estate) 4 of 5
Type (Merger) 1 of 1
State (Arizona) 1 of 1
Country (United States) 5 of 6
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-02 American Realty Capital Healthcare Trust

New York,, New York, United States

American Realty Capital Trust is a REIT that acquires, owns and operates single-tenant freestanding commercial properties. The company’s diversified real estate portfolio is comprised of long-term, net leases with primarily investment-grade tenants. American Realty Capital Trust’s primary goal is to provide durable, reliable income for investors through the delivery of dependable monthly dividends.

Sell $2.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-15 Orion Office REIT

Phoenix, Arizona, United States

Orion Office REIT specializes in the ownership, acquisition and management of a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the U.S. The portfolio is leased primarily on a single-tenant net lease basis to creditworthy tenants. Orion Office REIT is based in Phoenix, Arizona.

Sell -
Mergr

Product

Company

Legal