Press Release Details

Nov 01, 2006

Realty Income Completes $348 Million Sale-Leaseback Transaction With Buffets/Ryan's Restaurant Properties

ESCONDIDO, CALIFORNIA, November 1, 2006. Realty Income Corporation (Realty Income), The Monthly Dividend Company®, (NYSE: O) announced today that it has completed its previously announced acquisition of 144 Buffets/Ryan's restaurant properties in connection with a transaction with affiliates of Fortress Investment Group, LLC for approximately $348 million. The properties are being leased to subsidiaries of Buffets, Inc. and guaranteed by Buffets, Inc. under an average of 20-year, net-lease agreements.


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