Realty Income Corporation announced that it has signed a definitive agreement to acquire up to 185 single-tenant retail and industrial properties from subsidiaries of CIM Real Estate Finance Trust for approximately $894M in cash. The portfolio composition may vary based upon the completion of our due diligence and the potential exercise of rights of first refusal related to certain properties. The transaction is expected to close in Q1 of 2023, subject to customary closing conditions, approvals and completion of due diligence.
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