PHOENIX–(COMMERCIAL THREAD) –Basic income, a Phoenix-based net rental real estate platform backed by a fund managed by Brookfield Asset Management (NYSE: BAM), has acquired more than $ 215 million in real estate assets in the last four months of 2020. properties are leased net to tenants operating across a variety of different industries and located in 16 states. Sale and leaseback transactions included both individual properties and multi-unit portfolios.
âWe are delighted with the successful start of our business and the foundation of excellence that our team has laid this year,â said Chris Burbach, CEO of Fundamental Income. âOur ability to deploy capital and build strong business partnerships in this unique environment is a testament to the quality of the people we have brought together and the platform we have built with a premier partner at Brookfield. ”
Led by seven investment partners with 50 years and $ 15 billion of net rental, capital markets and real estate experience, Fundamental Income invests in net leased single tenant properties to operating companies across the United States. The company was launched in April 2020 with an initial equity commitment of $ 500 million from a fund managed by Brookfield Asset Management (NYSE: BAM), a global asset manager with approximately $ 575 billion in assets under management.
Fundamental Income has reviewed over 170 transactions and $ 4.6 billion in acquisition opportunities since launch through year end. The company targets $ 5 million to $ 500 million in sale and leaseback transactions in all 50 states with companies operating in industries such as: retail, entertainment, services, industry, manufacturing, distribution, health and automotive.
âThe investments we have made in the final months of 2020 demonstrate the transactional expertise and certainty of execution that our company offers to businesses and business owners across the country,â said Alexi Panagiotakopoulos, CIO of Fundamental Income. âWe pride ourselves on understanding our clients’ businesses and creating long-term partnerships to support their continued success and growth. ”
Led by seven investment partners with over 50 years and $ 15 billion in cumulative transaction history, Fundamental Income is a net rental platform focused on investing in single-tenant, net commercial properties leased to businesses. operating in a wide variety of industries that directly or indirectly serve the American consumer. Fundamental Income provides real estate capital solutions and 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 of the ETF NETLease Corporate Real Estate (NYSE arca: NETL), which seeks to track the performance of the Fundamental Income Net Lease Real Estate (NETLXT) index calculated by the NASDAQ. For more information, please visit www.fundamental Income.com.