Phoenix-based real estate company Vereit and San Francisco-based private equity investment firm Golden Gate Capital (GGC) announced two transactions Friday, involving $400 million (€368.1 million) of Red Lobster restaurant properties.
This supplements the $604 million (€555.8 million) of Red Lobster transactions the companies announced in early November.
"Following our previously announced transaction with Golden Gate Capital, we welcomed the opportunity to expand our partnership," said Vereit CEO Glenn Rufrano.
"With today's announcement, Vereit will have sold nearly $415 million [€381.9 million] of Red Lobster properties and plans to sell approximately $600 million [€552.2
