REIT Sells Red Lobster Restaurant PropertiesNews | December 30, 2015
Kutak Rock attorneys Mitch Padover and Ed Tybor represented a publicly traded real estate investment trust (REIT) in connection with the sale of the real estate relating to approximately 110 Red Lobster restaurants. Kutak Rock had also represented the same REIT on their acquisition of those same properties in 2014.
The sales were made to Red Lobster’s parent company and were accomplished through two separate portfolio transactions. The REIT also entered into a separate strategic partnership with the buyer for the sale of the real estate at approximately an additional 190 Red Lobster restaurants. Those additional sales are expected to be consummated over the next couple of years. The Kutak Rock attorneys assisted the REIT in the preparation and negotiation of the sale agreements and the participation agreements, as well as the closings of the transactions.