Fundamental Income Surpasses $1 Billion in Assets | News
PHOENIX–(BUSINESS WIRE)–Feb. February 2023–
Fundamental Income Properties (“Fundamental Income” or the “Company”), a Phoenix-based Net Lease real estate company, announced today that it has completed more than $1 billion in real estate acquisitions since its inception. The company was founded in April 2020 with an initial equity commitment from Brookfield Asset Management (NYSE: BAM), a global wealth manager with approximately $750 billion in assets under management.
“We are pleased to reach this important milestone in the development of our business and are extremely grateful to the clients and businesses that have partnered with Fundamental Income for their real estate capital needs,” said Chris Burbach, CEO of Fundamental Income. “We pride ourselves on the service and reliable financing we are able to offer our clients during times of economic volatility, as well as the invaluable contributions of our dedicated Fundamental Income team, who ensure relationships extend well beyond the closing table, allowing us to… Creating value and always playing a key partnership role in our customers’ business.”
Fundamental Income targets sale-leaseback transactions ranging from $5 million to $500 million in all 50 states with companies involved in industries including industrial, manufacturing, distribution, food, consumer, retail and healthcare. Since its inception, Fundamental Income has acquired more than 240 properties spanning more than 6 million square feet of single-tenant properties in 35 verticals throughout 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 buyouts.
“We had a strong end to 2022, investing over $550 million and demonstrating the value of a dedicated real estate capital partner with the ability to support clients operating in all market environments and virtually all industries,” said Alexi Panagiotakopoulos , Chief Investment Officer of Fundamental Income. “We look forward to continuing our course as companies seek to efficiently capitalize their businesses, make acquisitions, execute growth plans, reduce leverage or create liquidity and value for their shareholders.”
ABOUT BASIC 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 corporations and business owners with established and growing operations throughout the United States. Led by seven investment partners with over 50 years and $15 billion in cumulative transaction history, the firm is focused on investments in single-tenant commercial real estate on net leases to mid-market companies engaged in a variety of industries that directly or indirectly serve the economy US consumers. Visit www.fundamentalincome.com for more information.
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CONTACT: Media: Financial Profiles
KEYWORD: UNITED STATES NORTH AMERICA ARIZONA
INDUSTRY KEY WORD: COMMERCIAL CONSTRUCTION & REAL ESTATE CONSTRUCTION & REAL ESTATE RIDE
SOURCE: Basic Income Characteristics
Copyright Business Wire 2023.
PUBLICATION: 2/2/2023 5:45 AM / DISC: 2/2/2023 5:46 AM
Copyright Business Wire 2023.