PHOENIX--(BUSINESS WIRE)--
Fundamental Income,
Sponsor and Index Provider to the NETLease Corporate Real Estate ETF
(NYSE arca: NETL) (the “Fund”), is pleased to announce the creation of a
new net lease platform Fundamental Income Properties. The platform
received an initial equity commitment of $500 million from a fund
managed by Brookfield Asset Management (
BAM). Founders of Fundamental Income,
Chris Burbach and
Alexi Panagiotakopoulos, will take on roles of CEO and CIO of Fundamental Income Properties, respectively.
Fundamental will invest in single-tenant properties, net leased to
businesses operating in industries that directly and indirectly serve
the US consumer. The firm’s primary focus is on providing real estate
capital solutions to businesses and business owners with established and
growing operations across
the United States.
These capital solutions will provide critical growth capital to middle
market businesses in the current environment of funding uncertainty.
Fundamental will target customer facing real estate and support
facilities across 85 industries, including, but not limited to consumer
services, hospitality, consumer products, healthcare, and critical
industrials.
Prior to founding Fundamental Income, Burbach was an executive with STORE Capital (
STOR),
where he led the underwriting of approximately $12 billion of net lease
investments, including over $7.5 billion in closed transactions.
Co-Founder, Panagiotakopoulos, comes with an extensive background in
originations, credit and real estate finance, with over $1.5 billion of
transaction experience having worked with Burbach at STORE Capital, and
most recently, having served as Managing Director, Strategic Initiatives
for a private distressed debt firm where he was instrumental in new
acquisitions and portfolio management.
“There continues to be more and more demand for efficient long-term real
estate capital particularly in times like these where businesses are
realizing the importance of being aligned with collaborative, well
capitalized capital partners,” said
Chris Burbach,
CEO of Fundamental Income Properties. “Companies want their management
teams focused on navigating challenges and creating value in their core
operating business, not in the ownership of real estate. With the
backing of Brookfield, one of the leading asset managers in the world,
we look forward to helping companies unlock static capital tied up in
their real estate so they can effectively deploy it to grow their
underlying business or strengthen their balance sheet.”
“We’ve assembled a best in class investment team, drawing on years of
diverse institutional experience. We look forward to partnering with
companies across the country to provide the balance sheet, speed, and
certainty of execution they need,” said
Alexi Panagiotakopoulos, CIO of Fundamental Income Properties.
Evercore is serving as financial advisor to Fundamental Income Properties LLC.
View source version on
businesswire.com:
https://www.businesswire.com/news/home/20200422005504/en/
Fundamental Media Contact:
Gregory FCA
Caitlyn Foster
Tel: +1 484 798 7730
caitlyn@GregoryFCA.com
Source: Fundamental Income
Copyright Business Wire 2020
谷歌翻譯:
鳳凰 -（BUSINESS WIRE）-（美國商業資訊） -NETLease企業房地產ETF（NYSE arca：NETL）（以下簡稱“基金”）的基本收益，保薦人和指數提供商，欣然宣布創建新的淨租賃平台基本收益屬性。該平台從布魯克菲爾德資產管理公司（BAM）管理的基金那裡獲得了5億美元的初始股權承諾。基本收入的創始人Chris Burbach和Alexi Panagiotakopoulos將分別擔任基本收入財產的首席執行官和首席信息官。
Fundamental將投資於單租戶財產，將其淨租給直接或間接為美國消費者服務的行業中的企業。該公司的主要重點是向在美國各地建立和發展業務的企業和企業主提供房地產資本解決方案。在當前資金不確定的環境下，這些資本解決方案將為中間市場企業提供關鍵的增長資本。基本面目標對像是面向85個行業的面向房地產和支持設施的客戶，這些行業包括但不限於消費服務，酒店，消費產品，醫療保健和關鍵行業。
在創立Fundamental Income之前，Burbach曾是STORE Capital（STOR）的高管，領導著約120億美元的淨租賃投資承銷，其中包括超過75億美元的已完成交易。
Panagiotakopoulos的聯合創始人具有豐富的發行，信貸和房地產融資背景，曾與Burbach的STORE Capital合作，擁有超過15億美元的交易經驗，最近還曾擔任私人公司Strategic Initiatives的董事總經理他在新收購和資產組合管理方面發揮了重要作用。
Fundamental Income Properties首席執行官Chris Burbach 表示：“對高效的長期房地產資本的需求不斷增長，尤其是在這樣的時代，即企業意識到與協作，資本充足的資本夥伴保持一致的重要性。” 公司希望管理團隊專注於應對挑戰並在其核心運營業務中創造價值，而不是房地產所有權。在世界領先的資產管理公司之一的布魯克菲爾德的支持下，我們期待幫助公司釋放與房地產相關的靜態資本，以便他們可以有效地部署它來發展其基礎業務或鞏固其資產負債表。”
“憑藉多年的機構經驗，我們組建了一流的投資團隊。我們期待與全國各地的公司合作，以提供他們所需的資產負債表，速度和執行的確定性。” 基本收入財產的首席信息官Alexi Panagiotakopoulos說。
Evercore擔任Fundamental Income Properties LLC的財務顧問。
