Spirit Realty Capital

Spirit Realty Capital is a real estate investment trust based in Scottsdale, Arizona, specializing in acquiring and leasing single-tenant, operationally essential properties across the United States. Established in 2003, the company focuses on properties that support retail, service, and distribution activities crucial for the tenants' sales and profits. Spirit Realty Capital primarily utilizes sale-leaseback transactions, allowing tenants to sell their properties to the company while retaining the ability to lease them back under long-term agreements. As of September 2020, Spirit owned a diverse portfolio of 1,778 properties, encompassing approximately 37.2 million square feet of leasable space across various sectors, including retail, industrial, and office. The company generates nearly all its revenue from rental income derived from its extensive real estate holdings, with a significant concentration in retail properties leased to a wide range of tenants.