Realty Income to Acquire up to $544M of Net Lease Properties

Realty Income Corporation O, announced today that it has signed definitive purchase agreements to acquire up to 33, single-tenant, retail, distribution, office and manufacturing properties under long-term, net-lease agreements for approximately $544 million.

While Realty Income's acquisition of these properties is subject to a number of conditions, it is anticipated that the majority of the properties will close during the first half of 2011. If the transaction is completed as planned, the Company currently has sufficient liquidity from cash on hand and availability under its revolving credit facility to fund the transaction.