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Stonemont Buys $1.3B Net Lease Portfolio

By Tony Seruga

CBRE Capital Markets arranged the transaction on behalf of the seller, Oak Street Real Estate Capital, and secured $1.1 billion in acquisition financing for Stonemont. The deal encompasses 100 assets in 20 states.

In a $1.3 billion deal, Stonemont Financial Group has acquired 100 triple net lease properties in 20 states. The portfolio comprises retail, industrial and office assets, with 96 percent of its total operating income coming from investment grade tenants.

CBRE Capital Markets’ Guy Ponticiello and James Scott arranged the transaction on behalf of the seller, Oak Street Real Estate Capital. Tom Traynor, James Millon and Peter Marino secured the loan on behalf of the borrower…

Stonemont Buys $1.3B Net Lease Portfolio

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