Dillard's REIT and Sale-Leaseback Deals

Little Rock, Arkansas - We have information today on some REIT action involving Dillard's and Net Lease Properties. Dillard's has mentioned in a regulatory filing last week that they believe the formation of a REIT (real estate investment trust) may enhance their ability to raise capital and thus improve their liquidity. Dillard's would so a sale-leaseback with specific properties. Dillard's would transfer some properties to the REIT (real estate investment trust) and will then lease back with triple net lease terms.

As the economy continues to stumble, retail stores have struggled to stay afloat. As we mentioned in the past that many retail store companies have their main assets as commercial real estate holdings. With the exception of possibly Nordstrom, many retail department stores are still in need of capital. Commercial Real estate sale-leaseback deals are profitable and they can generate capital for immediate use for the business. The sale-leaseback unlocks the equity that is built up in your commercial real estate investments. Some financial analysts wonder if Dillard's is possibly trying to take advantage of the favorable market conditions that currently exist for (real estate investment trust) REIT's.

Dillard’s is still controlled by the Dillard family with Mr. William Dillard, II as the Leader. Although it is a publicly-traded company, the Dillard's name can draw investors for the REIT. It could be approximately 240 stores to be transferred into the REIT via a sale-leaseback. The Investors of the REIT could benefit from the steady income from the "NNN" triple net lease properties. Our NNN Commercial Real Estate Investors are actively seeking triple net lease properties. The Tenant, Dillard's in this case would be responsible for the rent, all taxes, insurance, and maintenance expenses. We also wanted to report that Dillard’s formed an insurance company, which is a wholly-owned unit to help efficiently manage their investment risks.

Dillard’s is a Little Rock, Arkansas-based company that has been in business for over 70 years. Their stores are anchor-tenants at many Retail Shopping Centers. Most of these Retail Shopping Centers are class-A and class-B regional shopping malls in many states in the east. Dillard’s competes at many Retail Shopping Malls with the likes of Kohl's, Macy's, Nordstrom and Bloomingdale’s. Dillard's commercial real estate portfolio currently consists of almost 300 stores. Dillard’s owns approximately 46.4 million square feet of retail space, with much of it in desirable retail locations. Some large shareholder at Target Corp. (TGT) had thought of a similar idea recently. A leader at Target thought to enter into commercial real-estate sale-leaseback deals whereas Target would dump the commercial land under its the retail stores, and end up with Ground Leases. Many NNN Commercial Real Estate Investors would favor these types of Ground Lease with Target however that deal is not in play. NNN Commercial Real Estate Investors might also look at Sears or J.C. Penney with a Sale-Leaseback and possibly absolute NNN Lease Investments or Ground Leases.

More history of these types of commercial real estate deals are when Steven Roth bought the bankrupt department store chain’s Alexander’s. The brilliant investor Steven Roth paid approximately $53 million for the deal and spun off its commercial real estate holdings into a REIT. That REIT is currently managed by the Vornado Realty Trust. Steven Roth had a very valuable asset attached in that deal and that was the Bloomberg Tower, in New York City. The Bloomberg Tower is a 1.4 million square-foot mixed-use property that is built on the site of a former Alexander’s store.

Contact Net Lease Properties to sell your net lease properties, purchase NNN Property or 1031 exchange opportunities.

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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REIT Aquires Leasehold interest in 1717 Arch Street

Philadelphia. Pennsylvania – Net Lease Properties has news on a major Commercial Real Estate transaction. Brandywine Realty Trust has purchased the leasehold interest in 1717 Arch Street, in Philadelphia. Brandywine Realty Trust is a huge, publicly traded, integrated real estate company organized as a real estate investment trust (REIT).
1717 Arch Street is a 1,029,400 square foot, 53-story, class A office tower located in the business district of Philadelphia.

This leased property is currently 63% leased and has a 309 space parking garage. The commercial real estate skyscraper is subject to a long-term land lease with Verizon, which has been prepaid through August 2022 and which can be extended through 2092. Verizon, also has signed a space lease for 121,945 square feet which takes floors two through seven of the leased skyscraper. Comcast signed a sublease for the 42nd and 43rd floors at 1717 Arch Street which amounts to a total of 42,230 square feet.
Comcast, founded in 1963, is the largest cable operator and home Internet service provider in the United States. This is an attractive Net Lease Investment with having tenants like Comcast and Verizon leasing from you.
The seller was an affiliate of The Blackstone Group. This commercial real estate was previously known as Bell Atlantic Tower. The REIT paid $129.0 million, or $125 per square foot, for this net leased investment.

Brandywine owns, develops, manages and has ownership interests in a primarily Class A, office portfolio comprising 320 properties and 34.4 million square feet.
This commercial real estate purchase of this net lease investment reflects a fine opportunity to further the investment strategy of the REIT by acquiring value-added situations in select markets.

Net Lease Properties & Commercial Loans

If a Net Lease Property is of interest to you then contact us, HERE. We can assist you with your search for Net Lease Property Investments. Some examples of net leased properties to purchase are a CVS, FedEx, Walgreen's, Target, Publix or a property net leased to McDonald's, Dollar General, Burger King, Wendy's or Taco Bell.

If you are considering purchasing Commercial Real Estate or a Net Leased Property, you can consider getting a Mezzanine Loan. Mezzanine Financing and Non Recourse Loans are available through Commercial Loans at Loanrise.com.

Healthcare Net Lease Properties

Long Beach, California - Net Lease Properties has information on a real estate investment trust (REIT) with investments in Healthcare related commercial real estate. Healthcare is currently, the single largest industry in the U.S. based on Gross Domestic Product ("GDP"). HCP, Inc. (HCP) is a Company, based in Long Beach, that invests primarily in commercial real estate serving the healthcare industry in the United States.
The HCP REIT has some recent acquisitions to add to their commercial real estate portfolio. They acquired a life science facility and two medical office buildings for approximately $48 million. The life science facility, a net lease property, is made up 85,000 rentable square feet. This net lease property is occupied by a single tenant under a 15-year triple-net lease. The medical office buildings are a combined 103,000 rentable square feet and are currently 95% occupied.
Recent quarters have revenue climbing at the health-care (HCP) real estate investment trust, the largest by market capitalization, as occupancies improve for their net lease properties.

Most health care REITs invest in various mixes of senior housing, medical office buildings (some with net leases), life science, laboratories and hospital assets. We have seen senior housing facilities which are triple net leased to third-party operators. These product types have varying degrees of upside, with steady cash flow given the nation’s aging Baby Boom population and its need for long-term medical care.
Net leased to a single tenant or otherwise, healthcare net lease properties seem to be one of the preferred asset types for Commercial Real Estate Investors and REITs.

Net Lease Properties & Commercial Loans

If a Medical Office Building is of interest to you then contact us, HERE. We can also assist you with your Commercial Loans and Net Lease Properties Funding to purchase a CVS, FedEx, Walgreens, Target, Publix or a property net leased to McDonald's, Dollar General, Wendy's, Burger King or Taco Bell.

Net Lease Properties Information

Net Lease Properties

North Palm Beach, Florida - Net Lease Properties are becoming the highly desired investment vehicle for Commercial Real Estate Investors. We are seeing many Real Estate Investment Trusts (REIT) and foreign Investors gobbling up available net lease properties.

A net lease property investment is under contract whereas the lessee is bound by to pay any expenses related to the ownership of the property, including but not limited to utility bills, building repairs, annual taxes and insurance needs. Triple Net Lease Properties "NNN" are still our most desired investment holdings, as explained below.

A triple net lease (Net-Net-Net or NNN) is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three 'Nets') on the property in addition to any normal fees that are expected under the agreement (rent, etc.). In such a lease, the tenant or lessee is responsible for all costs associated with the repair and maintenance of any common area of that particular Net Lease Property.

Net Lease Properties & Commercial Loans

If a Net Lease Property is of interest to you then contact us, HERE. We can also assist you with your Commercial Loans for Net Lease Properties purchases. Some examples of net leased properties to purchase are a CVS, FedEx, Walgreens, Target, Publix or a property net leased to McDonald's, Dollar General, Burger King or Taco Bell.

Net Leased Properties Portfolio Sold For $38.5 M

North Palm Beach, Florida - Net Lease Properties has information on a huge deal that has closed. A commercial real estate portfolio made up of net lease properties had 8 properties sold out of 11. The buyer was American Realty Capital Trust, Inc. and the seller of the net lease properties was the California State Automobile Association.

The aggregate purchase price for the eight net leased properties was approximately $38.5 million. American Realty Capital Trust (ARCT) funded the acquisitions of the properties with net proceeds received from the sale of its common stock. As of August 11, 2010, it had raised approximately $299,177,033 total gross proceeds in connection with its initial public
offering.

American Realty Capital is a commercial real estate advisory firm that invests in single-tenant, freestanding properties throughout the United States, that are net-leased on a long-term basis to investment-grade and other creditworthy tenants.

A description of the (8) Net Leased Properties purchased:

(1) CVS Pharmacy - This property is a free standing, retail store net leased to CVS located in Decatur, Georgia. The property contains 13,137 square feet of gross leaseable area. The lease is a triple net lease whereby CVS is required to pay substantially all operating expenses, including all costs to maintain and repair the roof and structure of the building, and the cost of all capital expenditures, in addition to base rent.

(5) Walgreens Stores - This portion of the net lease portfolio is five freestanding, pharmacies net leased to Walgreens. These commercial real estate investments are located in Austin, Texas, Chelsea, Alabama, Joliet, Illinois, Marysville, Ohio and Upper Arlington, Ohio. The leases are triple net whereby Walgreens is required to pay substantially all operating expenses.

(2) Fifth Third Bank Properties - This was a purchase of two free standing, fee simple bank branches for Fifth Third located in Montgomery, Illinois and Schaumburg, Illinois. The leases contain rent escalations of 10% every five years. The leases are triple net leases whereby Fifth Third is required to pay substantially all operating expenses.

Net Lease Properties & Non Recourse Commercial Loans

If you feel this is the right time to invest in Commercial Real Estate, Multi-Family Apartment Buildings, Shopping Centers or Net Lease Properties then contact us, HERE. We can also assist you with your Non Recourse Loan and Net Lease Funding to purchase a CVS, Walgreens, Target, Publix, Kohl's, Burger King, KFC, Wendy's or other Net Lease Property.

2 Net Leased Properties Purchased by REIT

Kansas City, Missouri - Today, Net Lease Properties news is on Properties acquired by a REIT. The first property which was purchased is net leased to Kohl’s Department Stores, Inc. through January 31, 2025 (with tenant options to extend). This net lease property is located in Kansas City and the purchase price was $8.95 million. This net leased Kohl's is in the Wilshire Plaza Shopping Center, which is anchored by the commercial real estate investments, Super Target and Home Depot.

This Kohl's is approximately 88,248 square feet, a retail department store on approximately 7.47 acres.

The other net leased property that was purchased is located in Monroeville, Pennsylvania, a suburb of Pittsburgh. This commercial real estate investment is a 6,000 square foot retail property leased by a Men's Wearhouse pursuant to a long term net lease. The purchase price was approximately $1.3 million, including $300,000 of contracted building improvements.

The Buyer of both of these net lease properties was One Liberty. One Liberty is a New York based real estate investment trust (REIT) that specializes in the acquisition of real estate properties under long term net leases.

Net Lease Properties & Non Recourse Loans

If you feel this is the right time to invest in Commercial Real Estate, Multi-Family Apartment Buildings, Shopping Centers or Net Lease Properties then contact us, HERE. We can also assist you with your Non Recourse Loan and Net Lease Funding to purchase a CVS, Walgreens, Target, Publix, Kohl's, Burger King, KFC, Wendy's or other Net Lease Property.

Net Leased Shopping Center with Publix Anchor Sold

St. Cloud, Florida - Net Lease Properties news for Wednesday, August 11, 2010 is regarding one of our favorite net leased properties. Publix was founded in 1930, and is one of the largest and fastest-growing employee-owned supermarket chains in the United States.

Inland Real Estate Acquisitions, Inc. has purchased the grocery-anchored shopping center in St. Cloud, Florida. The shopping center known as the Publix Shopping Center was acquired for $9.363 million. This commercial real estate investment was constructed in 2003.

This net leased 78,820 square-foot Publix Shopping Center is currently 100% leased. Anchored by Publix Super Markets, Inc., which is the dominant supermarket chain operating in Florida. Publix has proven to be a very strong anchor for this shopping center.

The net leased property is located across from a Wal-Mart Supercenter and a Home Depot. This St. Cloud shopping center is approximately 20 miles south of the Orlando International Airport.

The Publix Shopping Center is leased to sixteen tenants. With this net lease, each tenant is required to pay its proportionate share of real estate taxes, insurance and common area maintenance costs. Publix, the anchor tenant of this property pays an annual base rent of approximately $536,000 under a lease that expires in October 2023.

Net Lease Properties & Non Recourse Loans

If you feel this is the right time to invest in Commercial Real Estate, Multi-Family Apartment Buildings, Shopping Centers or Net Lease Properties then contact us, HERE. We can also assist you with your Non Recourse Loan and Net Lease Funding to purchase a new property.

3 Net Lease Properties Bought by NY REIT

Great Neck, New York - Net Lease Properties has news today concerning a sale and leaseback transaction. One Liberty Properties purchased a Portfolio of three Wendy's Properties. Old Liberty obtained the three Wendy's Old Fashioned Hamburger fast food restaurants which are located in Pennsylvania in this sale and leaseback transaction. The purchase price for this portfolio is $3.84 million and the net lease is for an initial 20 year term with a nine year renewal option. The seller of these net lease properties is a franchisee and operator of more than 100 Wendy's restaurants.

One Liberty is a New York based real estate investment trust (REIT) that specializes in the acquisition and ownership of a diverse portfolio of commercial real estate properties under long term net leases. One Liberty's net leases generally provide for contractual rent increases. These properties normally have all the operating expenses and most or all other property related expenses paid by the tenant.

As an example of this intelligent investing in net lease properties can be seen in One Liberty Properties second quarter results. One Liberty's Rental income for the three months ending June 30, 2010 was $10.6 million compared to $9.7 million for the three months that ended June 30, 2009. Rental income increases were due to the effect of acquisitions, as well as increased revenues associated with lease revisions within the existing portfolio.

Net Lease Properties & Commercial Real Estate Financing

If Shopping Centers, Net Lease Properties or Apartment Buildings are of interest to you then contact us, HERE. We can also assist you with your Commercial Real Estate Mortgage and Net Lease Funding to purchase a CVS, Walgreens, Target, Publix, Wendy's or other Net Lease property.

Net Lease Properties News from NY to Seattle

New York, NY - Net Lease Properties has 2 reports for today. We start with a REIT from New York. CapLease, Inc. is a real estate investment trust (REIT). The trust invests primarily in single tenant commercial real estate assets net leased primarily to investment grade corporate tenants, and government tenants.
CapLease has been upgraded to Market Perform from Underperform at Wells Fargo. The stock closed recently at $4.98 on volume of 127,500 shares, below the average daily volume of 215,465.
A key to their success is that CapLease is an active purchaser of properties leased long term to high credit quality tenants.

Our next bit of Commercial Real Estate news comes from the Pacific Northwest again.
Target Corp. has just acquired office and retail space in downtown Seattle. Target is said to have plans to open a store there, possibly within a year.
Target paid Seattle's HAL Real Estate Investments $15.5 million for the 103,442 square-foot Pike Plaza commercial property and parking garage. This Commercial Real Estate is on the west side of Second Avenue, between Pike and Union streets, at the base of the Newmark Condominiums.
This commercial space known as Pike Plaza encompasses three stories. The property is close to the Seattle Art Museum, Pike Place Market and the University Street light rail station.

Net Lease Properties & Financing

If a Multifamily Apartment Complex is of interest to you then contact us, HERE. We can also assist you with your Commercial Real Estate Mortgage and Net Lease Funding to purchase a CVS, Walgreens, Target, Publix or other Net Lease property.

Microsoft's Bing HQ Sold

Bellevue, Washington - Net Lease Properties has news on one of the largest commercial real estate transactions of the entire year. Cole Real Estate Investments (Cole), has acquired City Center Plaza, in Bellevue, Washington. City Center Plaza is a 583,179 square-foot, Class A office tower.
Cole Real Estate Investments is an active buyers of income-producing commercial real estate assets.
This commercial real estate property, City Center Plaza is 96% leased through 2024 to Microsoft. Microsoft, as we know is one of the world’s leading consumer brands. They have the highest possible credit rating of AAA.
Information acquired on the Building is that it is a 26-story office tower, constructed in 2008. It is located at 555 110th Avenue NE. City Center Plaza is one of only three office buildings in Bellevue to achieve LEED Gold certification by the U.S. Green Building Council and has been the headquarters for Microsoft's Bing Division since its opening.

The transaction info is that Cole Real Estate Investment of Phoenix, purchased the City Center Plaza from Beacon Capital Partners. The terms were all-cash, and a purchase price of $310 million or about $530 per square foot.

Net Lease Properties & Financing

If a Multifamily Apartment Complex or a Net Leased Office Building is of interest to you then contact us, HERE. We can also assist you with your Commercial Real Estate Mortgage and Net Lease Funding to purchase a CVS, FedEx, Walgreens, Target, Publix or an Industrial property.

Large Commercial Real Estate Deal in Santa Barbara

Santa Barbara, California - Net Lease Properties has news today on Santa Barbara Commercial Real Estate. A 38,000 square foot building, housing a Borders Book Store, sold for $10 Million. Borders holds a long-term lease on the three-story building and there currently are no projections as to whether it will stay in the building after the lease expires.

This Commercial Real Estate with the long term lease in place with Borders is a beautiful building. This property is located at 900 State Street in Santa Barbara.

The Buyer was SIMA Real Estate Fund. Press releases mentioned SIMA bought the building from Radius Group Commercial Real Estate. SIMA also owns the current State Street locations for the Coach and Anthropologie retail stores.

This is the largest Commercial Real Estate deal in Santa Barbara in over two years.

Reports are that before the structure was transformed for retail use, it was used as a Bank of America building.

Commercial Real Estate Financing Still Available

If a Multifamily Apartment Complex or a Shopping Center is of interest to you then contact us, HERE. We can also assist you with your Commercial Real Estate Mortgage and Net Lease Funding to purchase a CVS, Walgreens, Wendys, Target, Publix or other property.

Net Lease Property with Walgreens as Tenant, Sold

Kissimmee, Florida - Net Lease Properties has Walgreens news today. Report of an in-state limited liability company has acquired a Triple Net Lease property with Walgreens as the Tenant. This LLC paid $5.6 million for a 14,490 square-foot Walgreens, developed last year and supported by a Triple Net Lease.

An investment specialist in Tampa for Marcus & Millichap Real Estate Investment Services, marketed the property for a Florida-based developer.

This Net Lease Property is located at 5180 US-192 in Kissimmee. This Walgreens investment is a fee simple, new construction Triple Net Lease Property. This Walgreens site just opened in September 2009.

Walgreen Co. (WAG) just recently raised its quarterly dividend 27% to 17.5 cents a share, topping its compound annual dividend growth rate of 24% in the past six years.

Net Lease Properties & Financing Still Available

If a Multifamily Apartment Complex is of interest to you then contact us, HERE. We can also assist you with your Commercial Real Estate Mortgage and Net Lease Funding to purchase a CVS, FedEx, Walgreens, Target, Publix or an Industrial property.

Land Converted into Net Lease Properties

DAYTONA BEACH, Florida - Net Lease Properties has reports on an interesting company, Consolidated-Tomoka Land Co. They have a very basic business model. Their plan may be expanded both vertically and horizontally. Examples of vertical integration would be to develop and manage income properties in addition to the current practice of only owning them. Examples of horizontal integration would be to sell and manage real estate owned by other parties.
Consolidated-Tomoka Land Co. today reported net income of $126,829 or $0.02 earnings per basic share for the quarter ended June 30, 2010, compared with net income of $187,809 or $0.03 earnings per basic share for the same period in 2009.
This Daytona Beach Company has a business strategy of investing in income properties utilizing tax deferred exchanges. This strategy generates significant amounts of depreciation and deferred taxes.
Since income properties are excellent collateral for loans, the introduction of financial leverage could be a very powerful way to expand current activities.

Their portfolio of income properties continues to keep the Company profitable. The Company has seen no measurable improvement in the real estate sales market during the quarter. They believe the lack of lending sources to finance new projects coupled with weak consumer confidence is slowing recovery in this sector of business.

Consolidated-Tomoka Land Co. is a Florida-based company primarily engaged in converting Company owned agricultural lands into a portfolio of net lease income properties. These Net Leased Properties are strategically located in the Southeast. They currently utilize 1031 tax-deferred exchanges.
The Company also engages in selective self-development of targeted income properties. The Company's adopted strategy is designed to provide the financial strength and cash flow to weather difficult real estate cycles.

Search For Net Lease Properties & Commercial Loans

If you feel this is the right time to invest in Commercial Real Estate, Apartment Complexes, Shopping Centers or Net Lease Properties then contact us, HERE. We can also assist you with your Commercial Real Estate Loans and to purchase a new property.

Acquisition of 2 Shopping Centers in Port St. Lucie

Port St. Lucie, Florida - Net Lease Properties site has news on acquisitions. Inland Real Estate Acquisitions Inc. has recently purchased two retail shopping centers in Port St. Lucie, Florida. Port St. Lucie is approximately 49 miles north of Palm Beach. The purchase price for these two retail shopping centers is for $73.7 million. These shopping centers were bought on behalf of Inland Diversified Real Estate Trust Inc. Inland Diversified Real Estate Trust, Inc. is a newly formed corporation that intends to be taxed as a Real Estate Investment Trust (REIT).

Here is a description of the Publix anchored shopping center. The Tradition Village Center, which is anchored by a Publix grocery store is 112,421 square-feet. The REIT also bought a portion of the 359,775 square-foot, The Landing at Tradition power center.

The Publix Super Market is at Tradition Square at 10400 SW Village Center Drive, Port Saint Lucie. If you are in the area, don't miss Kilwin's. Kilwin's is located at 10478 SW Village Center Drive, Port St Lucie.

Kilwin's has been a celebrated part of Northern Michigan since 1947, and has a reputation for its quality products and excellent service. Their fudge and desserts are great.

Commercial Real Estate Investors have discussed these quality assets, located in an upscale Sun Belt community. These Net leased properties serve the population’s current needs quite well and have the potential for long-term growth.

Recent reports had these properties on the market for more than two years and the original asking price was $115 million. Both retail shopping centers are part of a recently-constructed master planned community in Port St. Lucie.

Search For Net Lease Properties & Commercial Loans

If you feel this is the right time to invest in Commercial Real Estate, Apartment Buildings, Shopping Centers or Net Lease Properties then contact us, HERE. We can also assist you with your Commercial Real Estate Loans and to purchase a new property.

Net Leased Property with Publix Tenant Sold $26M

North Palm Beach, Florida - Net Lease Properties news today is that a Publix-anchored shopping center sold for $26.5 million in a short sale. This Shopping Center is called Sunshine Square shopping center and is located in Boynton Beach. Boynton Beach, Florida is approximately 16 miles south of Palm Beach.

This short sale has helped alleviate the pressure for the shopping center owner by satisfying one of the six foreclosure lawsuits that target its properties.

Apparently in March, KeyBank filed a foreclosure action against Woolbright Sunshine and the president of Woolbright Development, over a $28.5 million mortgage covering the shopping center.

Woolbright Sunshine bought the shopping center for $23 million in 2007. The Commercial Real Estate includes a 109,489-square-foot retail center at 501 E. Woolbright Road and a 41,249-square-foot supermarket leased to Publix. Other Tenants include Bealls and Subway.

As of recently is had been difficult to find a Net Leased Property with Publix as a Tenant. Publix is one of the top supermarkets in the country.

Net Lease Properties & Financing Still Available

If a Multifamily Apartment Complex is of interest to you then contact us, HERE. We can also assist you with your Commercial Real Estate Mortgage and Net Lease Funding to purchase a CVS, FedEx, Walgreens, Target, Publix or an Industrial property.

Johnson Creek Shopping Center Acquisition

Clackamas, Oregon - Net Lease Properties News today is that Phillips Edison & Company's Fund IV announced its purchase of Johnson Creek shopping center. This Commercial Real Estate is a 106,709-square-foot shopping center located in Clackamas, Oregon. Clackamas is a suburb of Portland. The shopping center was acquired through an all-cash transaction. It is anchored by Trader Joe's, Walgreens and Wholesale Sports.

This Commercial Real Estate shopping center acquisition focus on well-located anchored properties. The center's anchor tenancy and prime location in a strong retail corridor just off I-205 make it an attractive investment.

"This transaction demonstrates Phillips Edison's position as one of the few shopping center operating companies that has the debt and equity in place to purchase value-add and opportunistic shopping centers throughout the United States," said Hal Scudder, Chief Investment Officer.

The Johnson Creek Shopping Center is located at the intersection of SE Johnson Creek Boulevard and SE 82nd Avenue and is well positioned to service the residents of Portland suburbs.

Net Lease Funding & Search For Net Lease Properties

If you feel this is the right time to invest in Commercial Real Estate, Multi-Family Apartment Buildings, or Net Lease Properties then contact us, HERE. We can also assist you with your Commercial Real Estate Mortgage and Net Lease Funding to purchase a new property.

REIT Buys Net Lease Property Leased to CVS

Farmington Hills, Michigan - Net Lease Properties News for the day is that Agree Realty Corp. acquired a retail property in Johnstown, Ohio. The purchase price was $3.5 million.

The Net Lease Property that was acquired is a 13,200 square-foot building. This property is leased to Rhode Island-based CVS Caremark Corp. and has 24 years remaining on the lease.

Agree Realty Corporation is a fully-integrated, self-administered and self-managed real estate investment trust (REIT) based in Farmington Hills, Michigan.
Purchasing Commercial Real Estate occupied by CVS has been diversifying the real estate investment trust’s group of tenants.

As of April, the company reported that 31 percent of its real estate is occupied by Deerfield, Il-based Walgreen Co., 27 percent by Ann Arbor-based Borders Group Inc. and 11-percent by Hoffman Estates-based Kmart Corp.

Net Lease Properties Search & Commercial Loans

If you feel this is the right time to invest in Commercial Real Estate, Multi-Family Apartment Buildings, or Triple Net Lease Properties then contact us, HERE. We can also assist you with your Commercial Real Estate Mortgage and Net Lease Funding to purchase a new property.

A REIT Acquires Properties for $71.7 Million

SAN DIEGO, California - Net Lease News for today is that, Excel Trust, Inc., a retail focused real estate investment trust (REIT), has acquired five more properties for a combined asset value of $71,749,078. The approximate capitalization rate is 8.5% (excluding land for development in Rockwall, TX). Excel Trust has now acquired a total of fifteen properties since its initial public offering (IPO) on April 23, 2010. Some of their most recent acquisitions. are the Plaza at Rockwall. This multi-tenant shopping center has approximately 334,027 square feet of gross leasable area. Built in 2007, the property is anchored by J.C. Penney, Dick's Sporting Goods, Staples, Best Buy and Belk Department Store.
Rockwall, a suburb of Dallas, is the 2nd wealthiest county in Texas and was the 3rd fastest growing county in the nation over the past decade according to the U.S. Census Bureau.
Another acquisition is a Lowe's, in Shippensburg, Pennsylvania. The Lowe's property has approximately 171,069 square feet of gross leasable area. Built in 2009, the property is freestanding retail under a net lease and is adjacent to a non-owned Super Wal-Mart.

Net Lease Funding & Search For Triple Net Lease Properties

If you feel this is the right time to invest in Commercial Real Estate, Multi-Family Apartment Buildings, or Triple Net Lease Properties then contact us, HERE. We can also assist you with your Commercial Real Estate Mortgage and Net Lease Funding to purchase a new property.

Net Leased Property Sold For $4.2 Million

FARMINGTON HILLS, Michigan - Agree Realty Corp. has purchased a retail property Net-Leased to CVS/Caremark Corp. in Atchison, Kan., for $4.2 million. This purchase of the Commercial Real Estate property that is net leased to CVS, supplements their roster of national tenants and continues to diversify their Investment Property Portfolio of net leased retail properties.

A net lease is where the tenant normally agrees to pay for ownership expenses, including utilities, repairs, insurance and taxes. 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.

Agree Realty Corporation has an Investment Property Portfolio chock full of net lease properties. As recently as June, 2010, the Company's total assets were $270,353,000. Their Investment Property Portfolio consists of 74 Commercial properties located in 15 states and totaling 3,492,468 square feet of gross leasable space. The Investment Property Portfolio was 99.2% leased at the end of the quarter. Agree Realty Corporation's construction in progress balance totaled approximately $9,738,000 at June 30, 2010. Also the Company capitalized $111,519 of construction period interest during the second quarter of 2010.

Commercial Real Estate Financing Still Available

If a Multifamily Apartment Complex is of interest to you then contact us, HERE. We can also assist you with your Commercial Real Estate Mortgage and Net Lease Funding to purchase a CVS, Walgreens, Target, Publix or other Triple Net Lease property.

REIT Obtains a $41 million Construction Loan

Bowling Green, Kentucky - The Sun Products Corp. has agreed to lease a distribution center to be built outside Bowling Green, Kentucky. This leased Commercial Real Estate Building will supply Sun's line of household laundry detergents and cleaners to East Coast consumers.

Real Estate Investment Trust

Investment manager W.P. Carey & Co. LLC said one of its real estate investment trusts (REIT) obtained a $41 million construction loan to build the 1.4 million-square-foot center adjacent to one of Sun's manufacturing plants. These types of large distribution centers are a premier investment for many REITs.

W. P. Carey & Co. LLC is an investment management company that provides long term sale leaseback and build to suit financing for companies worldwide and manages a global investment portfolio approaching $10 billion.

Sun Products will occupy the facility under a long-term, Triple Net Lease that will allow it to consolidate nine other facilities in the Bowling Green area.

A real estate investment trust (REIT) is a company or Group which owns, and in most cases, operates income-producing real estate. The normal REIT might own many types of commercial real estate property investments, ranging from office and apartment buildings to warehouses, hospitals, shopping centers, motels, hotels and even timberlands

Commercial Real Estate Financing Still Available

If a Multifamily Apartment Complex is of interest to you then contact us, for all Florida Commercial Property Listings For Sale. We can also assist you with your Commercial Real Estate Mortgage and Net Lease Funding to purchase a CVS, FedEx, Walgreens, Target, Publix or an Industrial property. The Florida real estate market is very attractive to many Investors.