U S Restaurant Properties Inc

U.S. Restaurant Properties Inc. will merge with restaurant real estate investment trust CNL Restaurant Properties Inc. and 18 CNL Income Funds in a deal valued at $1.3 billion in cash and stock. The merged company will offer real estate services and financing to restaurant chains. It will have $2.5 billion in assets, own 1,900 properties and have financial interests in about 3,000 properties in 49 states.

U.S. Restaurant Properties Inc. will merge with restaurant real estate investment trust CNL Restaurant Properties Inc. and 18 CNL Income Funds in a deal valued at $1.3 billion in cash and stock. The merged company will offer real estate services and financing to restaurant chains. It will have $2.5 billion in assets, own 1,900 properties and have financial interests in about 3,000 properties in 49 states.

CNL Group Inc. said it reached an agreement to merge 18 partnerships it manages and other assets into a real estate investment trust with $1.5 billion in assets, forming the largest owner and financier of restaurant properties in the U.S. The combined company would own or have investments in more than 1,400 fast-food restaurant properties operated as Boston Market, Pizza Hut and Jack in the Box, among others, according to filings with the Securities and Exchange Commission.

CNL Group Inc. said it reached an agreement to merge 18 partnerships it manages and other assets into a real estate investment trust with $1.5 billion in assets, forming the largest owner and financier of restaurant properties in the U.S. The combined company would own or have investments in more than 1,400 fast-food restaurant properties operated as Boston Market, Pizza Hut and Jack in the Box, among others, according to filings with the Securities and Exchange Commission.