Why private equity is making big bets on net lease strategies

By Peter Benson

View the article from May 4, 2022, at PERE News

  • LCN Capital Partners’ co-founder, Ed LaPuma, was featured in the PERE News May cover story.
  • LaPuma provided concrete definitions of the net lease market to help define the space: “Primary investments in the net lease space include sale-leasebacks – the act of buying a company’s underlying real estate and leasing it back to them in a triple net lease agreement; and build-to-suit developments, where the manager does not undertake the leasing risk. Secondary investments entail the acquisition of an already leased building, which accounts for the majority of activity of new entrants”.
  • LCN Capital Partners’ sole strategy focuses on the originating sale-leaseback and build-to-suit investments in the primary market. 

About LCN Capital Partners

Founded in 2011 by Edward V. LaPuma and Bryan York Colwell, LCN has assets under management in excess of $6.0 billion across its seven funds. Headquartered in New York City, LCN also has offices in London, Amsterdam, Cologne, and Luxembourg.

LCN Capital Partners is a recognized leader in the primary sale-leaseback and build-to-suit markets, where investments and leases are directly originated with corporate users of mission-critical real estate. LCN delivers a long-term solution for its tenant-clients by providing a non-bank capital resource, efficient monetization of on-balance sheet real estate, continued operational control of key assets, enhanced financial metrics, and potential tax benefits. In addition, LCN’s investing partners benefit from the long-term and inflation-protected distributions that it supplies. For more information, please visit: https://www.lcnpartners.com/.

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