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May 16, 2006

By Michelle Napoli

In its largest single transaction yet, Spirit Finance Corp. will boost its current portfolio’s dollar value by roughly 50% with the acquisition of 112 ShopKo properties and 66 Pamida properties. The deal, expected to close by the end of June, has the REIT paying $815.3 million for all outstanding stock of Green Bay, WI-based ShopKo Stores Inc., thus gaining control of the real estate.

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