Hurd Real Estate has acquired seven Hy-Vee Inc. food stores in three states for $41 million, bringing its holdings in the West Des Moines-based company to 28 grocery stores and 12 convenience stores in six states. All have been acquired under sale-leaseback agreements. "The agreement allows Hy-Vee to monetize its real estate assets while expanding our portfolio with a well-established company that offers a valuable service to the communities it serves," Richard Hurd said. The company has reached similar agreements with several national and regional companies. The transactions allow companies to increase financial flexibility, while still giving the seller operational control of their facilities, according to a release. The recent purchases were made up of five stores in Iowa and one each in South Dakota and Minnesota. A convenience store was among the acquisitions. In 2016, Hurd Real Estate acquired seven Hy-Vee grocery stores and five convenience stores in a three-state area under a sale and leaseback arrangement. The purchase price was $82.35 million for the properties in Iowa, Nebraska and Illinois.