1
Oct
Luby's Inc. sells 26 real estate properties for $88M
Houston-based restaurant company Luby’s Inc. (NYSE: LUB) took a big step forward in its liquidation plan with the completion of a real estate deal.
The company announced Oct. 1 that it completed its previously announced sale of 26 real estate properties to Arizona-based Store Capital (NYSE: STOR) for $88 million. A portion of the proceeds from this and other sales will be used to repay in full the company’s senior lender, MSD PCOF Partners VI LLC.
Since June 2, Luby’s has closed on the sale of…
Source: Arizona Business Journal
