Realty Income, a real estate investment trust that invests in free-standing, single-tenant commercial properties in the United States, Spain and the United Kingdom, completed the acquisition of Spirit Realty Capital, a net-lease REIT, investing primarily in single-tenant, operationally essential real estate assets, for $9.3bn. "We are pleased to announce the completion of our merger with Spirit. The transaction, which is immediately accretive on a leverage neutral basis, is further evidence of how our unique platform and our position as global consolidator in the fragmented net lease space creates meaningful value for stockholders," Sumit Roy, Realty Income President and Chief Executive Officer.