AIC Ventures is nearing the completion of fundraising for its eighth fund, NL Ventures VIII, L.P. The fund has $100 million as its target and has held a close with 80% circled. AIC Ventures invests in real estate through sale-leaseback deals, mostly through private equity portfolio companies, and has done 14 transactions year to date.
AIC Ventures announced today that its subsidiary, NL Ventures VIII, L.P., has begun to acquire assets for its latest real estate investment trust. AIC Ventures invests in a diversified pool of single tenant, net leased office, industrial and warehouse real estate throughout the United States. The company will make approximately 25 acquisitions for NL Ventures VIII and will consider properties valued from $3 to $40 million. Two assets are scheduled to close prior to year end.
David Steinwedell, Managing Partner, Acquisitions said, “This time of economic uncertainty has created compelling investment opportunities for our funds. We are completing the acquisitions for our seventh fund and are very pleased to be able to continue to provide capital to middle-market companies through sale leaseback and net leased transactions. This type of financing effectively turns a company’s bricks and mortar into working capital. We particularly appreciate the confidence our investors have, once again, placed in us.”
Properties acquired for NL Ventures VIII will be structured as absolute net leases whereby the tenant retains operational control of the real estate while benefiting from immediate access to capital. Tenants utilize sale leaseback transactions for a variety of reasons, including the reduction of debt or the funding of corporate growth and development. By providing an alternative source of financing, AIC Ventures assists companies in diversifying their sources of capital. AIC will consider select industrial build-to-suit opportunities, partial sale leasebacks, limited multi-tenant structures, and portfolio opportunities.
AIC Ventures is a leading provider of capital to middle-market companies. With over $1 billion in completed transactions, AIC Ventures structures innovative corporate finance solutions for companies facing limited, short-term or expensive alternatives for capital. AIC has an unblemished track record of 112 for 112 transactions in 28 states totaling over 25 million square feet and is currently looking for property acquisitions throughout the United States. Whether sellers need to close quickly, have private equity interests, environmental or other challenges, AIC Ventures can help. For more information, please visit www.AICVentures.com. Those interested in receiving future updates on AIC Ventures via e-mail can register at www.aicventuresmedia.com.