Salem Partners Announces Successful Completion of $40 Million Convertible Preferred Equity Placement

Salem Partners, LLC is pleased to announce the successful completion of a $40 millionconvertible preferred equity placement for its client, Four Springs Capital Trust (“FSCT” or“Four Springs”) with Guggenheim Investments (“Guggenheim”). The transaction closed on February 23rd, 2018, with Salem Partners acting as the financial advisor and investment bank toFSCT. Jeff Barcy, Managing Director of Salem Partners’ real estate investment banking group,and Parker Bennett, Director of real estate investment banking, led negotiations and leverageda highly competitive capital markets process to enable FSCT to select the most suitable capitalpartner in Guggenheim