**

FCPT's Strategic $4.7M Acquisition of VIVE Collision's Automotive Service Portfolio: Expanding Footprint in the Thriving Auto Repair Market

The commercial real estate investment trust (REIT) sector is experiencing significant growth, particularly within niche markets like automotive service centers. This dynamic environment has witnessed a major move by FCPT (Four Corners Property Trust), a prominent REIT specializing in the acquisition and management of single-tenant, net-leased properties. FCPT recently announced the acquisition of a portfolio of automotive service properties from VIVE Collision for a total consideration of $4.7 million. This strategic move signals FCPT's continued confidence in the resilient and expanding automotive repair industry.

A Smart Investment in a Booming Sector

This acquisition adds to FCPT's already impressive portfolio, further solidifying its position as a key player in the net-lease real estate market. The deal highlights several key investment themes currently driving the commercial real estate landscape:

• Demand for Automotive Services: The automotive repair market is experiencing robust growth driven by an aging vehicle fleet and increased vehicle complexity. Repair and maintenance needs are consistently high, ensuring a stable stream of revenue for properties leased to automotive service businesses.
• Strategic Asset Diversification: This acquisition allows FCPT to diversify its portfolio, mitigating risk associated with concentration in any single sector. The addition of automotive service properties complements existing holdings and strengthens the overall resilience of their investment strategy.
• High-Yield, Long-Term Lease Agreements: Net-lease properties, such as those acquired from VIVE Collision, offer predictable, long-term income streams, making them particularly attractive to REIT investors seeking stable returns. These long-term leases provide consistent cash flow, making them attractive to income-focused investors.
• Prime Locations: The specific locations of the acquired properties are likely to have been strategically chosen for their high visibility, convenient access, and proximity to a substantial customer base. Such location analysis is crucial for the success of any retail property investment, particularly in the automotive sector.
• Growth in the Collision Repair Industry: The collision repair sub-sector within the automotive service industry continues to thrive. This growth trajectory aligns seamlessly with FCPT's long-term investment goals, emphasizing its focus on acquiring high-growth, high-yield assets.

Details of the VIVE Collision Acquisition

The $4.7 million acquisition comprises a carefully selected portfolio of automotive service properties previously owned and operated by VIVE Collision. While specific details regarding the number of properties and their exact locations remain undisclosed, the acquisition highlights the strong belief FCPT has in VIVE Collision's business model and future growth potential.

Why This Acquisition Matters for FCPT

This acquisition isn't just another deal for FCPT; it's a strategic move that demonstrates their long-term vision. Here's why:

• Expansion in a Growing Market: The move solidifies FCPT's presence in a high-growth sector, ensuring consistent and potentially increasing revenue streams. This is especially important in the current economic environment.
• Strengthening Portfolio Diversification: By adding automotive service properties to their existing portfolio, FCPT is mitigating risk and improving the overall balance of their holdings. This risk mitigation is a crucial aspect of responsible investment management.
• Attractive Return on Investment (ROI): Net-lease properties typically offer attractive ROIs, and this acquisition is likely to contribute positively to FCPT's overall financial performance, enhancing shareholder value and demonstrating responsible asset management.
• Acquisition of high-quality assets: FCPT's acquisition focus remains on prime assets, located in areas with strong demographics. This ensures the acquired properties are well positioned to maintain occupancy rates and generate strong cash flows.

Impact on the Automotive Service Industry

The acquisition reinforces the attractiveness of the automotive service industry to investors. This highlights the industry's resilience and capacity for growth, indicating a positive outlook for the sector as a whole. This confidence encourages further investment and expansion within the market, leading to potential job creation and improved service offerings.

FCPT’s Future Outlook

FCPT's strategic acquisition from VIVE Collision exemplifies their proactive approach to identifying and capitalizing on attractive investment opportunities. This move reflects FCPT's commitment to sustainable growth and their ability to leverage market trends to enhance shareholder value. With their proven track record of acquiring and managing high-quality net-lease properties, FCPT's future in the commercial real estate market looks promising, particularly within sectors like the automotive repair industry showing strong signs of growth and stability.

This acquisition demonstrates a clear understanding of market trends, strategic diversification, and a commitment to securing high-yield, long-term investments. The automotive service sector, as well as net lease properties in general, promises continued growth and stability, making FCPT's move a sound financial decision that could further cement its position as a leading player in the REIT market.

Keywords: FCPT, Four Corners Property Trust, VIVE Collision, automotive service, automotive repair, collision repair, net-lease properties, commercial real estate, REIT, real estate investment trust, acquisition, investment, property portfolio, long-term lease, high-yield investments, strategic acquisition, market growth, financial performance, shareholder value, commercial real estate investment, auto repair market, single-tenant net lease, ROI, real estate investment strategy.