$39.75 Million Oregon Office Building Sale Marks National Financial Realty’s Investment Exit Following the Successful Value Creation of $366 Million Wells Fargo Portfolio
The transaction represents the final sale and investment exit of a 3,600,000-square-foot portfolio comprised of 41 office and retail buildings located in 9 states. Commencing in 2010, NFR's investment strategy focused on the wholesale aggregation of mission critical properties leased to leading financial institutions which were then sold independently to individual investors.
The aggregate sales price of the portfolio inclusive of the
NFR originally purchased the mission critical
"We're extremely pleased to announce this sale marking the conclusion to a very successful portfolio investment," notes Pellerito. "Our essential focus as an investor is to create value by acquiring well-located income producing properties, attracting world-class tenants and opportunistically exploring divestitures – the execution of this portfolio is a clear demonstration of this strategy. The successful creation and exit of the portfolio is a showcase for NFR's track record of building long-term value, and we will continue to invest in similar opportunities going forward."
About
Originally constructed in 1978, the
About
Based in
Contact:
View original content with multimedia:http://www.prnewswire.com/news-releases/3975-million-oregon-office-building-sale-marks-national-financial-realtys-investment-exit-following-the-successful-value-creation-of-366-million-wells-fargo-portfolio-300553183.html
SOURCE
Third Quarter Plan Sponsor Returns Stay Positive with Non-US Equity Continuing to Lead the Way, according to BNY Mellon U.S. Master Trust Universe/Asset Strategy View
Aegon NV posts 3Q profit
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News