CST Brands, Inc. (NYSE:CST) announced that the board authorized management to pursue a potential real estate venture. CST has retained RBS Capital Markets LLC as financial advisor in connection with potential transaction. The company expects the new real estate venture to significantly lower CST's cost of capital and provide an attractive financial platform to accelerate new store growth, help fund future acquisitions and potentially purchase existing real estate from CST and CrossAmerica Partners LP (NYSE:CAPL).

CST also expects to enhance store portfolio through strategic acquisitions in attractive markets and disposals of select non-core legacy locations.