---
title: "FCPT Announces Acquisition of a Drilling Tools International Property for $4.7 Million | DTI Stock News"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291982051.md"
description: "Four Corners Property Trust (FCPT) announced the acquisition of a Drilling Tools International property for $4.7 million. The facility, located in Louisiana, serves as a drilling equipment manufacturing and rental site under a long-term triple net lease with approximately 11 years remaining. The transaction was priced at a 7.1% cap rate."
datetime: "2026-07-07T13:59:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291982051.md)
  - [en](https://longbridge.com/en/news/291982051.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291982051.md)
generator: "portal-rs"
---

# FCPT Announces Acquisition of a Drilling Tools International Property for $4.7 Million | DTI Stock News

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MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Drilling Tools International property for $4.7 million. Drilling Tools International (NASDAQ: DTI) is a publicly traded oilfield services company that manufactures and rents downhole drilling tools used in horizontal and directional drilling of oil and natural gas wells. The property is a drilling equipment manufacturing and rental facility located in a strong industrial corridor in Louisiana and corporate-operated under a long-term, triple net lease with approximately 11 years of term remaining. The transaction was priced at a 7.1% cap rate including rent credits received at closing and exclusive of transaction costs.

**About FCPT**

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. Additional information about FCPT can be found on the website at www.fcpt.com.

**Category: Acquisition**

View source version on businesswire.com: https://www.businesswire.com/news/home/20260707577674/en/

Four Corners Property Trust:  
Bill Lenehan, 415-965-8031  
CEO

Patrick Wernig, 415-965-8038  
CFO

Source: Four Corners Property Trust

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**