REAL ESTATE TECHNOLOGY

Fundamental Income Completes Net Lease Real Estate Investments of Over $215 million

businesswire | January 13, 2021

Fundamental Income Completes Net Lease Real Estate Investments of Over $215 million
Fundamental Income, a Phoenix-based net rent land stage supported by an asset oversaw by Brookfield Asset Management (NYSE: BAM), procured over $215 million of land resources over the most recent four months of 2020. The properties are net rented to inhabitants working across a wide range of enterprises and situated in 16 states. The deal leaseback exchanges were involved both individual properties and multi-unit portfolios.

“We are excited about the successful start to our company and the foundation of excellence our team laid this year,” said Chris Burbach, CEO of Fundamental Income. “Our ability to deploy capital and establish strong business partnerships during this unique environment is a testament to the quality of people we have brought together and the platform we have built with a best-in-class partner in Brookfield.”

Driven by seven venture accomplices with a consolidated 50 years and $15 billion of net rent, capital business sectors and land insight, Fundamental Income puts resources into single-occupant properties net rented to working organizations across the United States. The firm dispatched in April 2020 with an underlying value responsibility of $500 million from an asset oversaw by Brookfield Asset Management (NYSE: BAM), a worldwide resource director with around $575 billion in resources under administration.

Crucial Income explored more than 170 exchanges and $4.6 billion in obtaining openings from its dispatch to the furthest limit of the year. The firm targets deal leaseback exchanges between $5 - $500 million across every one of the 50 states with organizations working in businesses, for example, Retail, Entertainment, Services, Industrials, Manufacturing, Distribution, Healthcare, and Automotive.

“The investments we made in the final months of 2020 demonstrate the transactional expertise and certainty of execution that our firm provides businesses and business owners across the country,” said Alexi Panagiotakopoulos, CIO of Fundamental Income. “We take pride in understanding our clients’ businesses and creating long-term partnerships to support their continued success and growth.”

About Fundamental Income

Led by seven investment partners with over 50 years and $15B of cumulative transaction history, Fundamental Income is a net lease platform focused on investing in single-tenant commercial properties, net leased to businesses operating in a wide variety of industries that directly or indirectly serve the US consumer. Fundamental Income provides real estate capital solutions and sale-leasebacks to businesses and business owners with established and growing operations across the United States.

Separately, Fundamental Income is also the Founder, Sponsor, and Index Provider to the NETLease Corporate Real Estate ETF (NYSE arca: NETL), which seeks to track the performance of the Fundamental Income Net Lease Real Estate Index (NETLXT) calculated by NASDAQ.

Spotlight

The pace of turnaround for new homes is hotting up. According to Government figures some 217,000 were delivered to the market in 2017  an increase on the previous year and the highest rate for a decade. But the Government cannot afford to let that rate drop. If the housebuilding sector is to make real inroads into delivering affordable, quality housing to all UK citizens then that rate has to be the norm rather than the exception it is currently. Which is easier said than done. Housebuilders are battling against a perfect storm of an uncertain economy, skills shortages and planning hold-ups. The uncertain economy will fix itself in time but the planning hold-ups and skills shortages may take a while longer. But fixed they must be.

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Spotlight

The pace of turnaround for new homes is hotting up. According to Government figures some 217,000 were delivered to the market in 2017  an increase on the previous year and the highest rate for a decade. But the Government cannot afford to let that rate drop. If the housebuilding sector is to make real inroads into delivering affordable, quality housing to all UK citizens then that rate has to be the norm rather than the exception it is currently. Which is easier said than done. Housebuilders are battling against a perfect storm of an uncertain economy, skills shortages and planning hold-ups. The uncertain economy will fix itself in time but the planning hold-ups and skills shortages may take a while longer. But fixed they must be.