Monday, March 28, 2011
Net Lease Properties in $625 Million Transaction
Chicago, Illinois - The Net Lease Properties information today is on an Investment Property Portfolio sale. A Chicago-based commercial real estate company, Equity Capital Management, is disposing of 39 net lease properties for about $625 million. These net lease properties are scattered across 22 States for a wide variety of investments. These net lease properties include the sale of the headquarters of Solae Co. and Novus International Inc., which are positioned in St. Louis.
Equity Capital Management, LLC (ECM) is a principal-oriented investment firm which is based in Chicago, Illinois. This commercial real estate company has offices and some affiliates in New York, St. Louis, and Bern (Switzerland). This commercial real estate company seeks investment opportunities in the commercial net lease properties markets. This commercial real estate company, ECM, believe that the supply and demand factors have created strong prospects for current income properties and premier risk-adjusted returns on investment property.
This Chicago-based commercial real estate company, Equity Capital Management, LLC strives to acquire exclusively net lease properties and sale-leaseback transactions. This $625 million sale contains single tenant office, industrial properties, and retail net lease properties which are signed up to long-term net lease agreements. The Chicago-based commercial real estate company acquires net lease properties, then make investment decisions based on various exit strategies and long-term goals not focusing on short term net lease market conditions.
Equity Capital Management, LLC, commercial real estate company, apparently has signed commitments from various types of buyers, including real estate investment trusts (REITS) and private investors. These net lease properties with net lease agreements of generally 15 years or more are highly desired right now. These stable net lease property investments can be sold and the commercial real estate company, Equity Capital Management, can load up on cash for future acquisitions.
A substantial amount of the office buildings and industrial properties which are being sold are corporate or regional headquarters. Also many of these net lease properties are significant regional or critical hub distribution centers. The net lease properties are currently controlled by ECM Diversified Income & Growth Fund and ECM Income & Growth Fund III. Also these two net lease investment Funds are sponsored by Equity Capital Management.
These two investment funds had a similar investment strategy as ECM does, seeking to acquire institutional quality, net leased properties, which are primarily leased to investment grade tenants. We are not fully aware of which net lease properties are being sold. A possible list of a few of the net lease properties could include the following:
Tenant - Property Type - City - Rentable Square Feet
MeadWestvaco net lease property - industrial Raphine, VA - 619,637
AT&T net lease property - office Tucker, GA - 406,292
FedEx net lease property - industrial Grayslake, IL - 214,745
Solae LLC net lease property - office St. Louis, MO - 171,750
Checkfree Services net lease property - office Dublin, OH - 150,000
International Paper Co. net lease property - industrial Marianna, FL - 114,595
Coca-Cola Enterprises net lease property - industrial Shreveport, LA - 100,000
Novus International net lease property - office St. Charles, MO - 90,722
T-Mobile USA net lease property - office Brownsville, TX - 78,421
T-Mobile USA net lease property - office Augusta, GA - 78,421
T-Mobile USA net lease property - office Salem, OR - 69,000
ECM's investment funds also invest in sale-leaseback commercial real estate assets that are either undervalued or when researched, show strong potential for value creation in the near future. These Net Lease Investments are sought through through acquisitions, direct sale-leasebacks with corporations and governments. This commercial real estate company seeks deals for investment property acquisitions with entity transactions, and joint ventures with other strong operators and institutions. Their NNN commercial real estate assets generate substantial income during the property holding period and are eventually sold with the objective of producing long-term capital gains.
The NNN commercial real estate company, Equity Capital Management have had various single tenant net lease properties that may be available for a potential 1031 Exchange transaction. Some very important 1031 Exchange time-lines are the 45 day Identification Period. Any net lease property that has the possibility of being a 1031 Exchange replacement property must be identified by the investor within a 45 days from the date of sale of the relinquished property. Also remember the 180 day 1031 Exchange Period. The 1031 Exchange must be completed by the investor within 180 days after the sale of the relinquished property.
We specialize in providing Triple Net Lease Properties to investors who are involved in a 1031 exchange or a sale-leaseback transaction.
If you are ready to purchase Commercial Real Estate or a Triple Net Leased Property, you can apply for Commercial Loans at Loanrise.com.
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