October 12, 2020
Newport Beach-based RW Holdings NNN REIT, Inc. entered into a strategic relationship with Colliers U.S. to outsource property-level accounting and property management for NNN’s 2.4-million-square-foot portfolio of properties. The move reflects more than $400-million REIT’s strategic direction and evolution.
Colliers’ Gil Borok says, “We are pleased to be expanding our relationship with NNN as they continue to grow their portfolio and consolidate their industry. NNN’s track record as a trailblazer and innovator is a great match for our entrepreneurial culture and we are excited to be working with Ray Wirta, Aaron Halfacre and the entire NNN team to drive additional value for their investors.”
NNN’s Halfacre adds, “…we believe that select business functions are better served in an outsourced capacity thereby maximizing scalability and enabling us to focus on the core competencies where we hold a competitive edge.”
Last year NNN acquired Rich Uncles Real Estate Investment Trust I, a company crowd funded directly from individual investors.
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