If Spirit Finance Corp.'s recent filing with the Securities and Exchange Commission (SEC) is any indication, a new ABS player may emerge in the franchise sector, albeit with a familiar face.

Spirit Finance, a real estate investment trust, formed in last August, is planning a roughly $374 million initial public equity offering. At the helm is industry veteran Morton Fleischer, founder and CEO of Franchise Finance Corp. of America (FFCA), which was acquired by GE Capital Corp. in 2001.Christopher Volk, who served as president and chief operating officer at FFCA, has joined Fleischer in his latest venture as president and COO at Spirit. Also on board are several other FFCA and GE alumni.

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