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Tuesday April 17, 7:01 am Eastern Time
Press Release

FFCA Provided $50 Million in Financing to The Wills Group for Acquisition of 78 Shell and Texaco Stations

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--April 17, 2001--Franchise Finance Corporation of America (NYSE: FFA) today announced it has provided $50 million in financing to The Wills Group toward the acquisition of 78 Shell and Texaco units

Under terms of the transaction, FFCA provided The Wills Group with fixed-rate mortgages for the purchase of the new stores. These locations are all dealer-operated, motor fuel distributor facilities, which include service bays and/or convenience stores, and several with car washes.

Stephen G. Schmitz, Executive Vice President and Chief Investment Officer of FFCA, said, ``The Wills Group is a high-quality company with a very rich 75-year history and a very strong and positive culture. We at FFCA are pleased to do business with Lock Wills and the entire Wills Group team. We wish them all the success in this and future acquisitions.''

Based in Scottsdale, Arizona, FFCA is the country's premier single-tenant retail property finance company dedicated to providing real estate financing to multi-unit operators of chain restaurants, convenience stores and automotive services and parts outlets. The company's financing alternatives include mortgages and long-term real estate leases, construction and acquisition financing, equipment loans and other custom financing solutions. Diversified by industry, geographic location, client and chain, FFCA had a combined investment and servicing portfolio of more than 6,200 properties throughout the U.S. as well as in Canada as of December 31, 2000. Its clients operate some of the best-known chains in the country, including Applebee's, Arby's, Burger King, Checker Auto Parts, Chevron, Circle K, Citgo, Cracker Barrel, Hardee's, Jack in the Box, Long John Silver's, Midas Muffler Shops, Pizza Hut, 7-Eleven, Taco Bell, Texaco, Valvoline Instant Oil Change and Wendy's.

The forward-looking statements in this release concerning financing, development and future results are subject to certain risks and uncertainties that could cause actual results to differ materially from expectations. These and other risks are set forth in FFCA's reports filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended.


Franchise Finance Corporation of America, Scottsdale
Corporate Communications
Janelle Minter, 480/563-6323

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