Spirit Realty Capital

Spirit Realty, L.P. is a Real Estate Investment Trust (REIT) based in Scottsdale, Arizona, specializing in the acquisition and leasing of single-tenant, operationally essential properties. Established in 2003, the company focuses on properties that are crucial for the tenants' retail, service, or distribution activities. As of September 30, 2020, Spirit Realty owned a diverse portfolio of 1,778 properties across 48 states, encompassing approximately 37.2 million square feet of leasable space. The portfolio includes retail, industrial, and office buildings leased to 296 tenants across various industries. Spirit Realty primarily generates revenue through rental income from long-term leases, often structured through sale-leaseback transactions, where tenants sell their properties and then lease them back, ensuring stable cash flow for the company.