Spirit Finance Corp., a real estate investment trust based in Scottsdale, Ariz., has priced a public offering of 12 million shares of common stock at $11.76 per share.Spirit said it has granted the underwriters an option to buy up to 1.8 million additional shares to cover any overallotments. The joint book-running managers of the offering are Citigroup and Banc of America Securities LLC. The REIT, which specializes in single-tenant, "operationally essential" real estate, can be found on the Web at http://www.spiritfinance.com.

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