Trustmark completes $91.7M sale-leaseback with Blue Owl
Trustmark sold 34 bank branch properties for $91.7 million to Blue Owl and entered long-term triple-net leases to continue operations. Leases cover branches in Mississippi, Florida, Tennessee, Alabama and Texas, starting at $6.4 million in aggregate rent.
Trustmark said it completed a sale-leaseback with Blue Owl, selling 34 bank branch properties for $91.7 million and entering long-term triple-net leases to keep operating the sites. The branches are spread across Mississippi, Florida, Tennessee, Alabama and Texas. The leases start at $6.4 million in aggregate.