EXHIBIT 5 JOINT FILING AGREEMENT In accordance with Rule 13d-1(f) under the Securities Exchange Act of 1934, as amended, each of the persons named below agrees to the joint filing on behalf of each of them of a Statement on Schedule 13D (including...

  
























































                                                                  EXHIBIT 5 
  
                           JOINT FILING AGREEMENT 
  
       In accordance with Rule 13d-1(f) under the Securities Exchange Act
 of 1934, as amended, each of the persons named below agrees to the joint
 filing on behalf of each of them of a Statement on Schedule 13D (including
 amendments thereto) with respect to the common stock, par value $.01 per
 share, of Franchise Finance Corporation of America, a Delaware corporation,
 and further agrees that this Joint Filing Agreement be included as an
 exhibit to such filings provided that, as contemplated by Section 13d-
 1(f)(l)(ii), no person shall be responsible for the completeness or
 accuracy of the information concerning the other persons making the filing,
 unless such person knows or has reason to believe that such information is
 inaccurate.  This Agreement may be executed in any number of counterparts,
 all of which taken together shall constitute one and the same instrument. 
  
  
 Dated: March 23, 1998 
  
  
  
 By:    /s/ XXXXXX X. XXXXXXX, XX. 
       _____________________________
       Xxxxxx X. Xxxxxxx, Xx. 
  
  
  
  
 By:   /s/ XXXXXX X. XXXXX
       ___________________________
       Xxxxxx X. Xxxxx 
  
  
  
  
 COLONYGP III, Inc., 
 a Delaware corporation, 
  
  
 By:   /s/ XXXXXX X. XXXXX      
       _________________________
       Xxxxxx X. Xxxxx 
       President 
  





















 COLONY CAPITAL III, L.P., 
 a Delaware limited partnership, 
  
       By:   ColonyGP III, Inc., 
             a Delaware corporation, 
             its general partner 
  
  
             By:    /s/ XXXXXX X. XXXXX
                    ________________________
                    Xxxxxx X. Xxxxx 
                    President 
  
                           
 COLONY INVESTORS III, L.P., 
 a Delaware limited partnership, 
  
       By:   Colony Capital III, L.P., 
             a Delaware limited partnership, 
             its general partner 
  
             By:    ColonyGP III, Inc., 
                     a Delaware corporation, 
                     its general partner 
  
  
                     By:  /s/ XXXXXX X. XXXXX      
                         _________________________  
                          Xxxxxx X. Xxxxx 
                          President 
  
 COLONY SB, LLC,  
 a Delaware limited liability company, 
  
       By:   Colony Investors III, L.P., 
             a Delaware limited partnership, 
             its sole and managing member  
  
             By:    Colony Capital III, L.P., 
                     a Delaware limited partnership, 
                     its general partner 
  
                     By:  ColonyGP III, Inc., 
                          a Delaware corporation, 
                          its general partner 
  
  
                          By:  /s/ XXXXXX X. XXXXX
                               __________________________
                               Xxxxxx X. Xxxxx 
                               President