Inside a Deal

Inside the decision.

Follow the questions, the work, and the responsibilities behind two prior individual syndications.

Single-tenant net lease property, Texas. A prior individual syndication, not a fund investment.

SituationThe lease was nearing expiry. The tenant wanted funds to make repairs and improvements, which the seller was not willing to provide.

Did an expiring lease have to mean an empty building?

Our operating partner knew the tenant's real estate decision-maker and learned that the tenant wanted to stay. The issue was funding the repairs and improvements it had requested. That relationship gave us a concrete question to investigate: could an improvement allowance support a 15-year extension?

Operating partner

Brought the opportunity and the tenant relationship.

Rooster

Evaluated the operator and the investment case, with responsibility for raising equity.

What the relationship clarified
The approaching expiry described the existing lease. It did not, by itself, establish that the tenant intended to leave. The operator's conversation helped clarify the tenant's intentions.
Information still needed execution
Understanding the tenant's intentions was the starting point. The partnership still needed to agree the lease terms and arrange the acquisition.

Stage 1 of 4

Interested in how this thinking informs the fund?

These examples come from prior individual syndications. Start a conversation about the fund's approach to evaluating net lease opportunities and operating partners.

These case studies describe prior individual real estate syndications for illustration only. They are not an offer to sell or a solicitation of an offer to buy any security, and do not describe results any investor should expect. Any offering is made only through definitive offering documents. Tax treatment varies; consult your own tax adviser.