Essential Properties Realty Trust

Searching the web...Web Search10 ResultsCompany Description: Essential Properties Realty Trust, Inc. is a publicly traded real estate investment trust headquartered in Princeton, New Jersey, that acquires, owns, and manages primarily single-tenant properties that are net leased on a long-term basis to middle-market companies operating service-orien... ted or experience-based businesses. The company utilizes sale-leaseback transactions to provide growth capital to middle-market companies with attractive credit profiles and stable operating histories. Essential Properties leases its properties to companies across various sectors, including restaurants, car washes, automotive services, medical and dental services, convenience stores, equipment rental, entertainment, early childhood education, grocery, and health and fitness facilities. The company operates as an internally managed REIT and focuses on triple net-lease properties across the United States, where tenants are responsible for property expenses including taxes, insurance, and maintenance. Essential Properties qualifies as a real estate investment trust for federal income tax purposes and generally would not be subject to federal corporate income taxes if it distributes at least ninety percent of its taxable income to its stockholders. Founded in 2016, the company trades on the New York Stock Exchange under the ticker symbol EPRT and is led by President and Chief Executive Officer Pete Mavoides, who has extensive experience in the net lease real estate sector.Read More