FCPT swaps Michigan Bahama Breeze for Nevada Olive Garden in cashless exchange with Darden
Four Corners Property Trust, Inc.
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Four Corners Property Trust, Inc. FCPT | 0.00 | |
Darden Restaurants, Inc. DRI | 0.00 |
- Four Corners Property Trust executed a cashless single-property asset exchange with Darden Restaurants.
- FCPT transferred a recently closed Bahama Breeze site in Michigan in return for an Olive Garden property in Nevada.
- The Nevada property was leased back to Darden under a new triple-net lease matching the prior rent and terms.
- The parties set the exchange on “as is” fair market values deemed reasonably equivalent.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FCPT - Four Corners Property Trust Inc. published the original content used to generate this news brief on May 28, 2026, and is solely responsible for the information contained therein.