LAKE COMO, N.J.--(BUSINESS WIRE)-- Four Springs Capital Trust (“FSCT” or the “Company”) announced that it has acquired a newly renovated single tenant medical building in Baton Rouge, Louisiana. The building, which totals 11,075 sf, operates as a physical rehabilitation facility for Ochsner Clinic Foundation, southeast Louisiana’s largest nonprofit, academic, multispecialty healthcare system.
“We are excited to partner with the Ochsner Health System in their expansion in the Baton Rouge market,” said Jared Morgan, SVP, Head of Acquisitions at Four Springs Capital Trust.
“This property presents a rare opportunity to acquire an asset in a heavily trafficked retail corridor adjacent to a premier medical campus. It is a strong complement to our existing high-quality portfolio.”
FSCT’s portfolio now contains 49 properties which are leased to 23 tenants, located in 22 states.
About Four Springs Capital Trust
Four Springs Capital Trust is an internally managed real estate investment trust focused on acquiring, owning and actively managing a portfolio of single-tenant, income producing retail, industrial, medical and other office properties throughout the United States that are subject to long-term net leases.
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Four Springs Capital Trust
Jared Morgan, 732-749-7003
SVP, Head of Acquisitions
Source: Four Springs Capital Trust