Store Capital describes itself as a leader in the single tenant operational real estate and dedicates itself to net-lease profit-center property investments. The company boasts more than 1,750 properties across 48 states and some of its biggest customers include AMC Entertainment, Applebee's and Ashley Furniture, CNBC added.
The announcement sent shares of Store Capital higher by more than 10 percent on Monday. The deal consisted of a private placement of 18.6 million shares at $20.25 a piece to a subsidiary of Berkshire, National Indemnity Co.
"Berkshire Hathaway's investment solidly positions STORE for continued growth, while adding measurably to our already strong financial position," Store Capital CEO Christopher Volk said in a statement. "An investment in our company from one of history's most admired investors represents a vote of confidence in our experienced leadership team and an affirmation of our profit-centerBuffett Likes Real Estate
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