SFC Spirit Fin Corp

Spirit Finance Corporation (NYSE:SFC), a real estate investment trust (REIT) focused on single tenant, operationally essential real estate, today announced the pricing on June 21, 2006 of a public offering of 15,000,000 shares of its common stock, par value $.01 per share, at a price of $10.74 per share. Spirit has granted the underwriters of the offering a 30-day option to purchase up to an additional 2,250,000 shares of its common stock to cover over-allotments, if any. Citigroup Corporate and Investment Banking is acting as sole bookrunner for the offering. Banc of America Securities LLC, Wachovia Securities, Credit Suisse and Goldman, Sachs & Co. are acting as co-lead managers and Robert W. Baird & Co. and Raymond James are acting as co-managers for the offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state. A prospectus relating to the offering may be obtained from Citigroup Global Markets Inc., 388 Greenwich Street, New York, New York 10013.