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Michael Kron Acquires Newport Beach-Based NNN Investment Fund
Michael Kron acquired a majority interest in Newport Beach-based Guardian Advisory, LLC. The boutique real estate investment company controls and will operate a series of investment funds starting with Guardian Net Lease Fund I, LP.
The Fund is a retail-focused investment vehicle targeting up to $100 million in equity to reach $250 million in property buying power. It will acquire properties occupied by Fortune 500 single-tenant net leased companies such as Walgreens, CVS, 7-Eleven, and O’Reilly Automotive.
Kron serves as COO of a family-owned business with a portfolio of more than 13,000 multifamily units in Arizona and Texas. He brings experience spanning more than $3 billion in property transactions. Kron has spearheaded the land acquisition and construction of more than 3,000 apartment units, while simultaneously overseeing the day-to-day operations of the portfolio including the acquisition and financing of new properties, and disposition of projects to restructure the portfolio to maximize market trends and valuations.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition
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