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Sunday, November 7, 2010

Triple Net Lease Properties with Non-Recourse Loans

Dallas, Texas - Our Net Lease Properties data today comes from Dallas in the great State of Texas. Dallas had become a hotbed for "NNN" Triple Net Lease Properties and Apartment Buildings to invest in. A Company recently acquired 12 senior housing communities with a "NNN" triple net lease master agreement. Capital Senior Living Corporation the leasehold interests in 12 senior housing communities and certain related personal property from Signature for aggregate consideration of $25.8 million.

A Master Triple Net Lease Agreement was executed with affiliates of HCN valued at $78.8 million. Capital Senior Living Corporation is one of the country's largest operators of residential communities for senior citizens.
The Company's operating philosophy emphasizes a continuum of care, which integrates independent living, assisted living and home care services, to provide fine residents the opportunity to age in place. Their Corporate Headquarters is at 14160 Dallas Parkway, in Dallas, Texas.

Also Capital Senior Living Corporation has a market cap of $170.6 million. Capital Senior Living Corporation shares were traded at around $6.22 with a P/E ratio of 39.4 and P/S ratio of 0.9. Capital Senior Living Corp. had an annual average earning growth of 4% over the past 10 years. Reports are that many investors are getting into MOB (Medical Office Buildings) and Net Lease Properties for Healthcare facilities. Capital Senior Living Corporation is in the portfolios of Ron Baron of Baron Funds and Jim Simons of Renaissance Technologies LLC.


Commercial Loan Funding for the transaction was provided by HCN and is a Non-recourse Loan to the Company. Also, a principal obligation has not been recorded by the Company within its consolidated financial statements. This Master Triple Net Lease Agreement has a term of 15 years with one 15-year renewal option beyond the initial "NNN" Triple Net Lease term. Being that the Master Lease Agreement is a “triple net lease" whereas the Tenant pays all expenses of the properties. The Tenants pay the required expenses except for principal and interest on the Non Recourse Loans on the properties. The Master "NNN" Triple Net Lease Agreement contains customary representations and warranties as well as affirmative and negative covenants and the lease payments are guaranteed by Tenants, subsidiaries of the Company.


We offer single tenant, net leased properties to qualified buyers. "NNN" Triple Net Lease Properties located on primary thoroughfares in heavy retail corridors with excellent visibility make for fine investments. Also, NNN Properties with No Landlord responsibilities in a strong retail area with an above average household income and long term net leases are highly desirable. Net Lease Properties can be purchased individually or on a portfolio basis.

CONTACT US HERE for a solid recession resistant net lease investment. Also contact us to sell your existing Net Lease Properties portfolio.

When you are purchasing Commercial Real Estate or a "NNN" Triple Net Leased Property, you can apply for CTL Financing, Non Recourse Loans and Commercial Loans at Loanrise.com.


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