Hutton announced today that it has closed on the sale of a high-quality, diversified retail single tenant portfolio for $185.8 million. The portfolio consisted of 59 properties in 14 states net leased to industry leading national tenants, including O’Reilly Auto Parts, Walmart Neighborhood Market, Family Dollar and Dollar General.

Utilizing the proceeds from its portfolio sale, Hutton anticipates it will invest in properties totaling over $350 million of project costs in 2018. This 2018 investment volume is in addition to nearly $340 million of project costs originated by Hutton in 2017.

“We are very excited to announce this portfolio sale,” noted Karen J. Hutton, President and Chief Executive Officer of Hutton. “This is a fantastic achievement for the Hutton Team and demonstrates the value we create for our clients, investors and the communities we help support. The proceeds from this sale will allow us to continue our tremendous pace of execution and further solidify our exciting and growing company.”

About Hutton

Hutton is a fully integrated, self-managed real estate development and investment company, primarily focused on acquiring, developing, constructing and managing high-quality single tenant, multi-tenant and shopping center retail properties located in the United States. In addition to acquiring and developing properties for its stabilized portfolio, the Company also provides capital investment, development, construction and asset management services to its third-party clients. Over the past 20 years Hutton has completed over 1,000 projects for more than 50 retailers across 40 states.

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