VEREIT® Announces December Rent Collection of 97%, Tenant Credit and Transaction Activity Updates
PHOENIX , Jan. 5, 2021 |PRNewswire| -- VEREIT, Inc. (NYSE: VER ) ("VEREIT" or the "Company"), a full-service real estate operating company which owns and manages one of the largest portfolios of single-tenant commercial properties in the U.S., announced its December rent collection, tenant credit and transaction activity updates. Rent Collection and Tenant Credit Update as of December 31, 2020 VEREIT had received rent of approximately 97% for December, which includes approximately 2% to be paid in arrears by a Government agency tenant and is in line with October and November rent collection. Tenants representing more than 10% of VEREIT's annualized rental income received credit-positive news during the year including: Red Lobster was purchased by Thai Union Group PCL, a publicly listed company, an investor group led by international restaurant executives, and Red Lobster Management. Top Golf Entertainment Group entered into a merger agreement with Callaway, a publicly listed company, which is expected to close in …
VEREIT® Announces December Rent Collection of 97%, Tenant Credit and Transaction Activity Updates
PHOENIX , Jan. 5, 2021 |PRNewswire| -- VEREIT, Inc. (NYSE: VER ) ("VEREIT" or the "Company"), a full-service real estate operating company which owns and manages one of the largest portfolios of single-tenant commercial properties in the U.S., announced its December rent collection, tenant credit and transaction activity updates. Rent Collection and Tenant Credit Update as of December 31, 2020 VEREIT had received rent of approximately 97% for December, which includes approximately 2% to be paid in arrears by a Government agency tenant and is in line with October and November rent collection. Tenants representing more than 10% of VEREIT's annualized rental income received credit-positive news during the year including: Red Lobster was purchased by Thai Union Group PCL, a publicly listed company, an investor group led by international restaurant executives, and Red Lobster Management. Top Golf Entertainment Group entered into a merger agreement with Callaway, a publicly listed company, which is expected to close in …