Australian investment banking major Macquarie is seeking offers valued at approximately US$3.5 billion for Real Estate Investment Trust (REIT) Sprint Finance Corp. If a deal is successful, it would be the largest sale of a U.S. based REIT in over three years.

The Bloomberg news service which cited unnamed sources close to the negotiations saying three publicly traded REIT’s including Lexington Realty Trust, National Retail Properties and Realty Income Corp have been approached recently. According to the sources several Private Equity firms have also expressed their interest in Sprint.

Macquarie declined to comment through its spokesperson, whilst the interested REIT’s also either declined to comment.

Sprint Finance Corp owns or finances approximately 1,200 retail properties across 45 states, The Scottsdale, Arizona-based REIT has listed assets valued at US$3.5 billion on its balance sheet., and debts of US$2.9 billion.

A consortium including Macquarie and Icelandic bank Kaupthing Bank hf acquired Sprint in 2007, for US$3.5 billion and $1.9 billion of assumed debt.

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