Atlanta-based Stonemont Financial Group, a real estate investment firm, has acquired a $1.3 billion portfolio of net lease assets from Oak Street Real Estate Capital. The portfolio consists of 97 office, retail and industrial properties spread across 20 states.
ATLANTA (PRWEB) AUGUST 25, 2017
Stonemont Financial Group, an Atlanta-based real estate investment firm, announced today the acquisition of a massive $1.3 billion portfolio of investment-grade, net lease assets from Oak Street Real Estate Capital. The portfolio, which will continue to be co-managed by Oak Street, consists of 97 office, retail and industrial properties spread across 20 states and 19 unique investment-grade tenants.
This deal marks the beginning of a strategic acquisition plan for Stonemont under its recently launched investment-grade income fund. The core-plus investment vehicle will be structured to provide institutional and private equity investors consistent outsized risk-adjusted returns for investment-grade credits.
“Given the high credit quality of the tenant base and strategic importance of the assets, we couldn’t ask for a better portfolio to serve as the first acquisition under our new fund,” said Zack Markwell, CEO and managing principal of Stonemont Financial Group. “This fund is truly one of a kind — it is the only investment-grade net lease fund diversified by tenant, geography and industry. We have an aggressive acquisition plan to grow the fund to meet investor demand for the superior risk-adjusted returns the fund offers.”
For more information about Stonemont Financial Group, please visit http://www.stonemontfinancial.com.
About Stonemont Financial Group
Stonemont Financial Group is a national real estate investment firm specializing in the development and acquisition of single-tenant net-leased assets across the US and Canada. Stonemont’s principals have structured and financed more than $18 billion in transactions over the past two decades. For more information, visit http://www.stonemontfinancial.com.