Four Springs Capital Trust announced that it has secured a three-year revolving credit facility providing the company with a $75 million borrowing capacity with an additional $75 million expansion feature. A total of four lenders participated in the new credit facility, including Citizens Bank, N.A., Huntington Bank, Peapack-Gladstone Bank and Two River Community Bank.

"Implementing this credit facility is a key step forward as we enter our next phase of growth," said John Warch, Chief Financial Officer of Four Springs Capital Trust. "This new credit facility will provide us with added financial flexibility, more efficient cash management and the ability to manage interest rate risk as we build out our portfolio of net leased properties.”

Year-to-date in 2018, Four Springs Capital Trust has acquired 27 properties in 11 separate transactions for a total of $89.7 million. Medical and industrial properties comprised 32% and 24% of transaction volume respectively, in line with management’s goal of building a balanced portfolio of income-producing assets. Sale-leasebacks continue to be an active strategy for the company and comprised 40% of YTD transaction volume. Four Springs Capital Trust now owns 76 properties in 28 states, leased to 34 tenants. The company’s $319 million portfolio is diversified by industrial, medical, retail and office properties, and is 100% occupied.