April 22, 2020
Phoenix-based Fundamental Income created 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.
Fundamental will invest in single-tenant properties, net leased to businesses that serve the U.S. consumer. The firm’s primary focus is on providing real estate capital solutions to businesses so they can grow in the current environment of funding uncertainty.
Fundamental Income Properties’ Chris Burbach says, “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. Companies want their management teams focused on navigating challenges and creating value in their core operating business, not in the ownership of real estate.”
The backing of Brookfield will help “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,” Burbach added.
For comments, questions or concerns, please contact Dennis Kaiser