The fund is a new European fund, established by LCN Capital Partners, and it engages in real estate transactions, particularly sale-leaseback transactions. LCN Capital Partners was founded in 2011 by Edward (Ed) LaPuma and Brian Colwell (Co-Founders and Managing Partners). Since 2014, the group has launched 3 funds that invest in real estate in North America, and 3 additional funds that invest in real estate throughout Europe. The European funds have invested an accumulative sum of 2.1B USD in 85 transactions.
The fund has two main investment strategies: the first, Sale-Leaseback, which focuses on purchasing real estate assets from companies and leasing them back to those companies on a long-term contract (an average of 17.8 years). The second, Build to Suit, long term leases include index-linked or fixed-rate components and the contracts are of the NNN type, so the fund is not exposed to real estate property expenses. The real estate properties are diverse – logistics centers, HQ offices, manufacturing sites, commercial areas, etc.
