Realty Income to acquire 185 single-tenant retail and industrial properties from CIM Real Estate Finance Trust for $894m.

Realty Income, a real estate investment trust, agreed to acquire 185 single-tenant retail and industrial properties from CIM Real Estate Finance Trust, a commercial credit-focused real estate investment trust, for $894m. "We are pleased to execute our fourth portfolio transaction with CIM since 2019, demonstrating our continued access to high-quality portfolio opportunities at attractive risk-adjusted returns and our sustained momentum on both the forward equity and acquisition fronts. Upon closing, this transaction will be immediately accretive to earnings on a leverage-neutral basis and is highly complementary to our existing portfolio," Sumit Roy, Realty Income President and CEO.