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STORE Capital Eyes $1.2 Billion of Acquisitions in 2020

STORE Capital Eyes $1.2 Billion of Acquisitions in 2020
STORE Capital Eyes $1.2 Billion of Acquisitions in 2020
CEO Chris Volk says STORE will help tenants improve their corporate responsibility.
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    12/10/2019 | by Nareit Staff

    Chris Volk, president and CEO of STORE Capital Corp., participated in a video interview at Nareit’s REITworld: 2019 Annual Conference in Los Angeles.

    Volk said STORE looks set to achieve its goal of $1.1 billion in acquisitions in 2019. The company has also said its initial guidance for 2020 is $1.2 billion in acquisitions. “We clearly think the market’s there,” he noted.

    Volk also said that retail assets comprise about 18% of STORE’s portfolio, with a strong emphasis on experiential retail.

    Meanwhile, Volk commented on STORE’s commitment to corporate responsibility. In the next few years, STORE will be guiding its tenants to be “the best corporate and environmental custodians they can be,” he said.