Essential Properties Realty Trust, Inc. Announces New $450 Million 5.5 Year Unsecured Term Loan. Mark Patten, the Company’s Executive Vice President and Chief Financial Officer, said, “We are very pleased to execute the 2030 Term Loan, which addresses our debt capital needs for the near-term.” Mr. Patten concluded by noting, “We greatly appreciate that effectively all of our bank group participated in the 2030 Term Loan, indicating their strong ongoing commitment, support, and confidence in our Company, and we were pleased to welcome our new banking relationships.”
Essential Properties Realty Trust, Inc. (NYSE: EPRT)
Real Estate
Princeton, New Jersey 2,626 followers
About us
Essential Properties Realty Trust, Inc. (NYSE: EPRT) is a publicly-traded real estate company based in Princeton, NJ, that owns, acquires, and manages single-tenant net lease (STNL) properties. By utilizing sale-leaseback transactions, Essential provides growth capital to middle-market companies with attractive credit profiles and stable operating histories. Essential primarily targets tenants that operate service-oriented and experience-based businesses within industries like restaurants, car washes, automotive services, convenience stores, medical and dental clinics, pet care services, early childhood education, equipment rental and sales, entertainment, and health and fitness. The company is also actively engaged in the grocery and building materials industries. As of December 31, 2023, our portfolio consisted of 1,873 freestanding net lease properties with a weighted average lease term of 14.0 years and a weighted average rent coverage ratio of 3.8x. As of the same date, the portfolio was 99.8% leased to 374 tenants operating in 16 distinct industries across 48 states.
- Website
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http://www.essentialproperties.com
External link for Essential Properties Realty Trust, Inc. (NYSE: EPRT)
- Industry
- Real Estate
- Company size
- 11-50 employees
- Headquarters
- Princeton, New Jersey
- Type
- Public Company
- Founded
- 2016
- Specialties
- Real Estate Acquisitions, Sale-Leaseback transactions, and Net Lease Properties
Locations
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Primary
Get directions
902 Carnegie Center Blvd
Suite 520
Princeton, New Jersey 08540, US
Employees at Essential Properties Realty Trust, Inc. (NYSE: EPRT)
Updates
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Contact us today to discover how a sale-leaseback can benefit your company! #saleleaseback #netlease #cre #reit #commericalrealestate #businessgrowth #taxbenefits
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Check out this quick read to learn about unlocking financial flexibility through sale-leasebacks with Essential Properties #saleleaseback #netlease #cre #reit #commercialrealestate #businessgrowth
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Happy Fourth of July from Essential Properties Realty Trust! Enjoy the celebrations and stay safe as we honor our nation's freedom. #independenceday #EPRT
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Unlock capital and invest back into your business with sale-leasebacks. #saleleaseback #netlease #cre #reit #commericalrealestate #businessgrowth
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Shoutout to our amazing employees who recently participated in a charity golf event! Not only did they have a blast out on the course, but they also helped raise funds for a great cause. We're so proud to have such dedicated and giving team members. Way to go, team! #charitygolf #givingback #teamwork #EPRT
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Discover the top benefits of sale-leasebacks for your business by contacting EPRT today! #saleleaseback #netlease #cre #reit #commericalrealestate #businessgrowth https://hubs.la/Q02CHm8h0
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Our employees showed off their soccer skills in a friendly match against a neighbor company! Check out these awesome photos capturing all the action on the field. It was a fun and competitive game that brought our teams together for some healthy competition. Stay tuned for more exciting events and activities happening at our company! #teambuilding #reit #EPRT
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Unlock the potential of your business with EPRT! Let's drive growth together. #saleleaseback #netlease #cre #reit #commericalrealestate #businessgrowth https://hubs.la/Q02CHm8h0
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Last week's team-building BBQ event was filled with great food, laughter, and unforgettable moments! Our CEO, Pete Mavoides, perfectly captured the essence of the day: "A team-building event isn't just a break from the routine; it's an opportunity to strengthen bonds, foster collaboration, and inspire creativity. By coming together outside the usual work environment, we build trust and camaraderie, laying the foundation for a more cohesive and motivated team." Thank you to everyone who made this event a success!
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