Coalition of Franchisee Associations

November 10, 2015

McREIT or not to McREIT

McDonald's Operators may hear some discussion from today's analyst meeting about
doing something with the McDonald's real estate empire in the form of a Real Estate Investment Trust. While having a third party influencing the real estate side of the 
franchise relationship would be disastrous for McDonald's Operators - not to worry.

The ongoing activities of the supplier owned REIT - System Capital Corporation - will
prevent any real transparency into McDonald's real estate and the topic will fade 
away as it always has.

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