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American Finance Trust details Q2 acquisitions

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American Finance Trust details Q2 acquisitions

American Finance Trust Inc. acquired 15 Mountain Express convenience store facilities for a total of $27.4 million in the second quarter.

The company's acquisition pipeline includes a further 96 properties worth a total $154.7 million, including properties that have been purchased or are expected to be purchased after June 30.

For the six months ended June 30, the company closed on $71.9 million of new acquisitions, with a weighted-average going-in capitalization rate of 7.2%.

In April, the real estate investment trust closed on a new $415 million credit facility that matures in 2023, according to its earnings release.