AARON'S COMPLETES SALE-LEASEBACK OF SEVEN PROPERTIES, THREE IN TEXAS

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ATLANTA — Angelic Real Estate has closed the sale and leaseback of seven Aaron's retail locations, three in Texas, on behalf of a privately held institutional fund for $9.6 million. The properties were leased back to Aaron's for 15-year initial lease terms. Gabriel Silverstein and Louis D'Lando of Angelic Real Estate arranged the transaction directly with Atlanta-based Aaron's. The properties are located in Texas, Alabama, Ohio, North Carolina and Pennsylvania.

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