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Horn Capital Realty Assists Carmike Cinemas With $23.5 Million Sale-Leaseback Deal.

PR Newswire

| April 18, 2000 | COPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Georgia Firm Frees Up Capital for Operations, Additional Expansion

DALLAS, April 18 /PRNewswire/ --

Carmike Cinemas, Inc. (NYSE: CKE) of Columbus, GA, has completed the sale and leaseback of $23.5 million in three properties -- 41 screens in three states -- to an undisclosed investor, Jonathan S. Horn, President of Horn Capital Realty, Inc. of Dallas announced today.

The three Carmike complexes include a 10-screen operation in Missoula, MT; a 15-screen facility in Raleigh, NC, and a 16-screen unit in Johnston, IA, said Horn, who arranged the transaction.

"The ability to turn high-performing assets into cash when so much investment capital is …

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Source: HighBeam Research, Horn Capital Realty Assists Carmike Cinemas With $23.5 Million...

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