NNN

Phoenix American Announces New Client Real Estate Fund Sponsor NAI Legacy

Thursday, October 14, 2021 - 1:34pm

SAN RAFAEL, Calif., Oct. 14, 2021 /PRNewswire/ -- Phoenix American is pleased to announce its new client partnership with real estate investment management firm NAI Legacy .

Key Points: 
  • SAN RAFAEL, Calif., Oct. 14, 2021 /PRNewswire/ -- Phoenix American is pleased to announce its new client partnership with real estate investment management firm NAI Legacy .
  • Phoenix American will support NAI Legacy with its industry-leading investor services platform featuring the STAR-XMS shareholder management / transfer agent system.
  • NAI Legacy is a full-service commercial real estate firm specializing in tax-efficient real estate investment solutions.
  • NAI Legacy is focused on commercial real estate investments, brokerage, net lease (NNN) properties, property management, asset management, and private client solutions.

Egan-Jones Sponsored the InterFace Net Lease Conference

Friday, October 8, 2021 - 6:41pm

Egan-Jones Ratings Company was a sponsor of the 2021 InterFace Net Lease Conference, held on September 29.

Key Points: 
  • Egan-Jones Ratings Company was a sponsor of the 2021 InterFace Net Lease Conference, held on September 29.
  • The event involved informational and networking opportunities for the net lease, sale leaseback and 1031 markets.
  • Topics that were discussed include investment, development and financing trends, and market conditions in the NNN and sale leaseback spaces.
  • The event also featured informal roundtable discussions on niche topics in the net lease market.

KKR Launches Net Lease Investment Platform Strategic Lease Partners

Thursday, August 26, 2021 - 12:00pm

KKR, a leading global investment firm, today announced the formation of Strategic Lease Partners (SLP), a new platform to invest in a diversified portfolio of triple-net lease (NNN) real estate.

Key Points: 
  • KKR, a leading global investment firm, today announced the formation of Strategic Lease Partners (SLP), a new platform to invest in a diversified portfolio of triple-net lease (NNN) real estate.
  • KKRs investment, primarily from its credit and real estate funds, will position the platform to acquire over $3 billion in assets.
  • Strategic Lease Partners (SLP) is a diversified triple-net lease (NNN) real estate investment platform, which engages the capabilities and resources of KKRs real estate, credit and capital markets teams to acquire NNN properties and deliver sale-leaseback solutions to corporate tenants.
  • KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds.

KBRA Assigns Preliminary Ratings to BLOX Trust 2021-BLOX

Tuesday, August 17, 2021 - 10:28pm

Kroll Bond Rating Agency (KBRA) announces the preliminary assignment of ratings to six classes of BLOX Trust 2021-BLOX, a CMBS singe-borrower securitization.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) announces the preliminary assignment of ratings to six classes of BLOX Trust 2021-BLOX, a CMBS singe-borrower securitization.
  • The floating rate loan has an initial two-year term with three one-year extension options and requires monthly interest-only payments based on one-month LIBOR.
  • The office space (99.8% of the total square footage) is fully leased to Facebook on a NNN basis through 2033.
  • The buildings are each subject to a 99-year ground lease with a third party lessor that expires in 2120.

FCPT Announces Acquisition of a Circle K Property for $2.3 million

Tuesday, June 29, 2021 - 9:05pm

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of a Circle K property for $2.3 million.

Key Points: 
  • Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of a Circle K property for $2.3 million.
  • The property is located in a highly trafficked retail corridor in Illinois and is occupied under a triple net lease with the corporate operator.
  • FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties.
  • Additional information about FCPT can be found on the website at www.fcpt.com .

FCPT Announces Acquisition of a Chili’s Restaurant Property for $2.8 Million

Wednesday, June 16, 2021 - 9:05pm

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of a Chilis property for $2.8 million.

Key Points: 
  • Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of a Chilis property for $2.8 million.
  • The property is located in a strong retail corridor in Texas and is corporate-operated under a triple net lease with approximately nine years of term remaining.
  • FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties.
  • The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries.

Floridannn.com Net Lease Platform Attracting Real Estate Investors from High Tax States Relocating to Florida for Tax Savings

Tuesday, May 11, 2021 - 1:38pm

Florida nnn properties are in great demand as investors from high tax states with high tax rates have grown weary of paying expensive prices.

Key Points: 
  • Florida nnn properties are in great demand as investors from high tax states with high tax rates have grown weary of paying expensive prices.
  • They recognize investing in Florida as a profitable alternative to remaining in high tax states where tax rates have become a burden.\nFlorida nnn properties are considerably appealing and investors are migrating to Florida in record numbers to buy Florida income properties.
  • "\nAbout Income Realty Advisors Inc.:\nFlorida based commercial real estate Brokerage Company Income Realty Advisors Inc. operates the Floridannn.com net lease investment platform.
  • Clients include: Real Estate Developers of Publix, Whole Foods, CVS, 7-Eleven, TD Bank, Chase Bank, Real Estate Investment Trusts and High Net worth Individuals.\n'

National Retail Properties, Inc. Announces Webcast Of Its Annual Meeting Of Stockholders; Urges Stockholders To Participate Remotely

Wednesday, April 28, 2021 - 1:30pm

b"ORLANDO, Fla., April 28, 2021 /PRNewswire/ -- National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, announced today that it will webcast its Annual Meeting of stockholders on Wednesday, May 12, 2021 at 8:30 a.m., to minimize risk from the novel coronavirus (COVID-19) to stockholders, employees and the community.

Key Points: 
  • b"ORLANDO, Fla., April 28, 2021 /PRNewswire/ -- National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, announced today that it will webcast its Annual Meeting of stockholders on Wednesday, May 12, 2021 at 8:30 a.m., to minimize risk from the novel coronavirus (COVID-19) to stockholders, employees and the community.
  • The company strongly encourages all stockholders to access the meeting via the live webcast rather than attend the meeting in person.\nStockholders may access the Annual Meeting via webcast at https://agm.issuerdirect.com/NNN .
  • Instructions on how to ask questions following the business portion of the Annual Meeting will be provided on the webcast at the web address provided above.\nStockholders will not be able to vote or revoke their proxy through the webcast, nor participate actively other than to participate in the Q&A session after completion of the business portion of the Annual Meeting.
  • NNN is one of only three publicly traded REITs and 86 publicly traded companies in America to have increased annual dividends for 31 or more consecutive years.

FCPT Announces Acquisition of a Chili’s Restaurant Property for $2.0 Million

Friday, March 26, 2021 - 8:05pm

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of a Chilis restaurant property for $2.0 million.

Key Points: 
  • Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of a Chilis restaurant property for $2.0 million.
  • The property is located in a strong retail corridor in Virginia and is occupied under a triple net lease by a franchisee operator with approximately seven years of term remaining.
  • FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties.
  • The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries.

FCPT Announces Acquisition of a Raising Cane’s Restaurant from Washington Prime Group for $2.1 Million

Wednesday, January 27, 2021 - 9:53pm

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of a Raising Canes restaurant for $2.1 million from Washington Prime Group.

Key Points: 
  • Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of a Raising Canes restaurant for $2.1 million from Washington Prime Group.
  • The property is located in Ohio and is under a triple-net lease to the brands corporate entity with a lease term of approximately fifteen years remaining.
  • This acquisition was priced at a capitalization rate consistent with FCPTs investment thresholds and past transactions.
  • FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties.