In the announcement of CST's plans for new real estate venture, Kim Lubel, Chairman, Chief Executive Officer and President of CST Brands, Inc. (NYSE:CST) said, "We are pleased to announce the Board's approval of a plan to pursue a real estate venture to enhance value for our stockholders. While there is more work ahead to complete the transaction, we expect the 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) as well." CST has retained RBC Capital Markets LLC in connection with potential transaction. In addition, company expects that the new venture will enhance the company's store portfolio through strategic acquisitions in attractive markets and disposals of select non-core legacy locations.