09-28-2005, 08:40 AM
| | REIT Parnering Program on Net Lease Construction for Experienced Developers
There is an interesting twist at a larger well capitalized REIT into net
Essentially, the REIT is now offering to fund 100% of all project costs of a
construction program on a on a non-recourse basis----but only for highly
experienced Developers in the net lease world.
In return, the REIT will negotiate to receive a preferred return on its
capital and a significant piece of the transaction, including an "exit strategy'
contemplating a sale at project stabilization.
The product types are to be eitherindustrial, retail and office.
Their program is targeted at transactions from $2 million to $50 million.
The rationale or marketing "hook" of the REIT pragram is in placing the full
financial strength of the REIT behind the Developer on the build-out---- in
return for a negotiated compensation.
If you wish to pursue this program, please call Mr. Margolin of Chilmark
Associates Inc. at 203-353-0897.
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