 HOUSTON, Feb. 23, 2021 GLOBE NEWSWIRE -- Par Pacific Holdings, Inc. NYSE: PARR Par Pacific or the Company today announced that it has successfully completed its previously announced sale-leaseback transaction with a subsidiary of Realty Income Corporation, a publicly-traded real estate investment trust Realty Income. At the closing, the Company sold twenty-one 21 retail convenience storefuel station properties located in the State of Hawaii the Properties to Realty Income for an aggregate cash purchase price of 109.4 million, and Par Hawaii, LLC, an indirect wholly-owned subsidiary of the Company Par Hawaii, entered into a master lease agreement with Realty Income, to leaseback, on a commercial triple-net basis, the Properties for an initial 15-year term, subject to Par Hawaiis option to extend the lease for up to an additional twenty 20 years. The Company anticipates that during the first quarter there will be a separate closing for one additional property, as provided under the existing purchase agreement. 