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Four Springs Capital Trust Buys Three Biolife Facilities in Utah and Colorado

Four Springs Capital Trust, a private real estate investment trust, purchased a portfolio of three single tenant medical buildings in American Fork, Utah; Riverton, Utah; and Longmont, Colorado for a total of $24.5 million. The properties, which are 16,700 square feet each, operate as plasma collection facilities for BioLife Plasma Services, a company that collects and processes plasma for life-saving therapies.

“We are happy to expand our relationship with a premiere company in the medical space which prioritizes convenient access for its clients,” said Jared Morgan, head of acquisitions at Four Springs Capital Trust.

In August, the REIT purchased another BioLife facility in Indiana for approximately $8 million.

Four Springs Capital Trust focuses on acquiring a portfolio of single tenant retail, industrial/warehouse and healthcare properties net leased to investment grade and other creditworthy tenants under long-term leases. The company’s portfolio is comprised of 48 properties located in 21 states.

For more Four Springs related news, visit their directory page here.