Tag: Sun Trust

A Marriage Made in Net Lease Heaven

Commerical Property Executive

In what is reportedly the largest banking merger in a decade, SunTrust and BB&T are joining forces in what they’re billing as a “marriage of equals.” When the $66 billion deal is complete, those equals will make up the sixth largest financial institution in the country.

As with all weddings (well, most), there will be added perks to look forward to. In this case, beyond whatever the merger might mean to bank customers and other stakeholders, these perks accrue indirectly to net lease investors. When the smoke clears, some 750 individual bank locations will be shuttered as the new entity …

Carolyn SchmidA Marriage Made in Net Lease Heaven