Trustreet Properties, Inc. Provides $36,500,000 in Sale/Leaseback Financing to The Nath Companies
ORLANDO, Fla., Sept 08, 2005 /PRNewswire-FirstCall via COMTEX/ -- Trustreet Properties, Inc. (TSY) has closed a $36,500,000 transaction with the Nath Companies, a 90-unit Burger King franchisee based in Minnesota.
September 7, 2005
ORLANDO, Fla., Sept 08, 2005 /PRNewswire-FirstCall via COMTEX/ --Trustreet Properties, Inc. (TSY) has closed a $36,500,000 transaction with the Nath Companies, a 90-unit Burger King franchisee based in Minnesota. Nath Companies ranks as the fourth largest franchisee of Burger King restaurants in the United States. The transaction, which closed on August 12, 2005, consisted of 35 properties in five states."Trustreet proved to be an excellent partner," said Mahendra Nath, CEO of the Nath Companies. "The transaction was smooth and efficient. What they promise, they really deliver.""We are pleased to have had the opportunity to work with the Nath Companies and provide the necessary capital to execute this important transaction," said Michael Shepardson, Executive Vice President of Trustreet Properties, Inc.About TrustreetTrustreet Properties, Inc. (pronounced trust - street) is the largest self-advised restaurant real estate investment trust (REIT) in the United States. Trustreet, traded on the NYSE under the ticker symbol TSY, provides a complete range of financial, real estate and advisory services to operators of national and regional restaurant chains. For more information, visit our web site at http://www.trustreet.com.The company does not disclose certain information on individual transactions. Lease rates and terms are competitive in nature and are considered proprietary information. Source: Trustreet Properties, Inc. 
