MIAMI, FL – United Trust Fund (“UTF”) announced the purchase and lease-back of six bank branches valued at $26,400,000.
Old National Bank (NYSE: ONB) is the largest financial services bank holding company in Indiana. UTF purchased the bank branches under a 15 year absolute net lease with ONB. Two of the branches are newly constructed and four are established locations in Illinois and Indiana. “UTF is pleased to add a company like Old National Bank to our portfolio”, said Fred Berliner, Senior Vice President of UTF.
When today’s companies want to access capital, they call United Trust Fund, one of the nation’s leading real estate investment firms specializing in sale-leaseback transactions. Whether you are a corporate real estate executive, own your own corporate real estate or are engaged in developing, we can help you achieve your sale-leaseback goals in a manner that is fast, cost efficient and uncomplicated.
Contact: Fred Berliner, Senior Vice President
701 Brickell Ave. 13th Floor. Miami, Fl. 33131-2851 Telephone (305) 358-7711 Fax (305) 358-4002
