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PHOENIX--(BUSINESS WIRE)--Fundamental Income Properties ("Fundamental Income" or the "Company"), a Phoenix-based net lease real estate company, today announced it has completed more than $1 billion in real estate acquisitions since inception. The Company launched in April 2020 with an initial equity commitment from Brookfield Asset Management (NYSE: BAM), a global asset manager with approximately $750 billion in assets under management.
"We're excited to reach this important milestone in our company's evolution with tremendous gratitude for the clients and companies who have partnered with Fundamental Income for their real estate capital needs," said Chris Burbach, CEO of Fundamental Income. "We're proud of the service and reliable financing we are able to offer our clients amidst times of economic volatility, as well as the invaluable contributions of our dedicated Fundamental Income team who ensure relationships go well beyond the closing table allowing us to create value and repeatedly play a pivotal partnership role in our clients' businesses."
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Fundamental Income targets sale-leaseback transactions ranging from $5 to $500 million in all 50 states with companies operating in industries such as: Industrials, Manufacturing, Distribution, Food, Consumer, Retail and Healthcare. Since inception, Fundamental Income has acquired more than 240 properties spanning more than six million square feet of single tenant real estate in 35 industries across the United States and Canada. In addition to sale-leaseback transactions, the Company has also provided capital for forward take-outs, build-to-suit construction, and third-party lease assumptions.
"We had a strong finish to 2022, investing over $550 million and demonstrating the value of a dedicated real estate capital partner capable of supporting clients operating in all market environments and virtually all industries," said Alexi Panagiotakopoulos, Chief Investment Officer of Fundamental Income. "We look forward to continuing on our trajectory as companies strive to efficiently capitalize their businesses, make acquisitions, execute growth plans, reduce leverage, or create liquidity and value for their shareholders."
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ABOUT FUNDAMENTAL INCOME
Fundamental Income Properties is a Phoenix-based net lease real estate company backed by Brookfield Asset Management (NYSE: BAM). Fundamental Income Properties provides real estate capital solutions including sale-leasebacks to businesses and business owners with established and growing operations across the United States. Led by seven investment partners with over 50 years and $15 billion of cumulative transaction history, the Company is focused on investing in single-tenant commercial properties, net leased to middle-market businesses operating in a wide variety of industries that directly or indirectly serve the US consumer. For more information, please visit www.fundamentalincome.com.
Contacts
Media: Financial Profiles
Jon Ruzan
(310) 622-8227
jruzan@finprofiles.com
"We're excited to reach this important milestone in our company's evolution with tremendous gratitude for the clients and companies who have partnered with Fundamental Income for their real estate capital needs," said Chris Burbach, CEO of Fundamental Income. "We're proud of the service and reliable financing we are able to offer our clients amidst times of economic volatility, as well as the invaluable contributions of our dedicated Fundamental Income team who ensure relationships go well beyond the closing table allowing us to create value and repeatedly play a pivotal partnership role in our clients' businesses."
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Fundamental Income targets sale-leaseback transactions ranging from $5 to $500 million in all 50 states with companies operating in industries such as: Industrials, Manufacturing, Distribution, Food, Consumer, Retail and Healthcare. Since inception, Fundamental Income has acquired more than 240 properties spanning more than six million square feet of single tenant real estate in 35 industries across the United States and Canada. In addition to sale-leaseback transactions, the Company has also provided capital for forward take-outs, build-to-suit construction, and third-party lease assumptions.
"We had a strong finish to 2022, investing over $550 million and demonstrating the value of a dedicated real estate capital partner capable of supporting clients operating in all market environments and virtually all industries," said Alexi Panagiotakopoulos, Chief Investment Officer of Fundamental Income. "We look forward to continuing on our trajectory as companies strive to efficiently capitalize their businesses, make acquisitions, execute growth plans, reduce leverage, or create liquidity and value for their shareholders."
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ABOUT FUNDAMENTAL INCOME
Fundamental Income Properties is a Phoenix-based net lease real estate company backed by Brookfield Asset Management (NYSE: BAM). Fundamental Income Properties provides real estate capital solutions including sale-leasebacks to businesses and business owners with established and growing operations across the United States. Led by seven investment partners with over 50 years and $15 billion of cumulative transaction history, the Company is focused on investing in single-tenant commercial properties, net leased to middle-market businesses operating in a wide variety of industries that directly or indirectly serve the US consumer. For more information, please visit www.fundamentalincome.com.
Contacts
Media: Financial Profiles
Jon Ruzan
(310) 622-8227
jruzan@finprofiles.com
Filed Under: Business
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