National chains that feature gas stations, like Wawa, 7-Eleven, Shell, Speedway and Cumberland Farms, are attracting a new generation of net lease investors.
The $4 billion dividend “could be a massive improper giveaway to certain shareholders,” Washington D.C. Attorney General Karl Racine said Wednesday on CNBC’s Squawk Box, in announcing that the AGs had asked Albertsons to pause the payout.
The New York-based startup, which launched last year, processes $3 billion in annualized rent payments, and its Bilt Mastercard customers are spending at an annualized rate of $1.6 billion.