Stonemont Financial Group Launches Investment-Grade Income Fund, Acquires Massive $1.3 Billion Net Lease Portfolio from Oak Street Real Estate Capital

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Atlanta-based real estate investment firm’s acquired portfolio is comprised of 97 office, retail and industrial properties across 20 states.

A national real estate investment firm specializing in the development and acquisition of single-tenant net-leased assets across the US and Canada.

Given the high credit quality of the tenant base and strategic importance of the assets, we couldn’t ask for a better portfolio to serve as the first acquisition under our new fund

Stonemont Financial Group, an Atlanta-based real estate investment firm, announced today the acquisition of a massive $1.3 billion portfolio of investment-grade, net lease assets from Oak Street Real Estate Capital. The portfolio, which will continue to be co-managed by Oak Street, consists of 97 office, retail and industrial properties spread across 20 states and 19 unique investment-grade tenants.

This deal marks the beginning of a strategic acquisition plan for Stonemont under its recently launched investment-grade income fund. The core-plus investment vehicle will be structured to provide institutional and private equity investors consistent outsized risk-adjusted returns for investment-grade credits.

“Given the high credit quality of the tenant base and strategic importance of the assets, we couldn’t ask for a better portfolio to serve as the first acquisition under our new fund,” said Zack Markwell, CEO and managing principal of Stonemont Financial Group. “This fund is truly one of a kind -- it is the only investment-grade net lease fund diversified by tenant, geography and industry. We have an aggressive acquisition plan to grow the fund to meet investor demand for the superior risk-adjusted returns the fund offers.”

For more information about Stonemont Financial Group, please visit http://www.stonemontfinancial.com.

About Stonemont Financial Group

Stonemont Financial Group is a national real estate investment firm specializing in the development and acquisition of single-tenant net-leased assets across the US and Canada. Stonemont's principals have structured and financed more than $18 billion in transactions over the past two decades. For more information, visit http://www.stonemontfinancial.com.

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Melissa DiGianfilippo
Serendipit Consulting
since: 04/2010
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