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Article: FFCA PROPOSES CONSOLIDATION WITH UP TO 11 REAL ESTATE LIMITED PARTNERSHIPS INTO PUBLICLY TRADED REIT
- Article from:
- PR Newswire
- Article date:
- July 1, 1993
CopyrightCOPYRIGHT 1993 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SCOTTSDALE, Ariz., July 1 /PRNewswire/ -- Franchise Finance Corporation of America (FFCA) announced that it plans to seek the approval of investors to consolidate FFCA and up to 11 FFCA-sponsored real estate limited partnerships (the partnerships) into a real estate investment trust (the REIT). The REIT intends to be listed on a national securities exchange and to operate as a self-administered REIT, with its assets managed directly by its own officers and employees. The partnerships invest in franchised restaurant real estate.
Each partnership's participation in the consolidation will require, among other things, the approval of investors holding at least a majority of ...
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