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Hilton Grand Vacations operations center in Orlando, FL

Baltimore’s Sentinel Net Lease Acquires Three CRE Properties Totaling $58M

Baltimore-based Sentinel Net Lease has purchased three commercial real estate properties totaling $58 million:

  • Hilton Grand Vacations operations center in Orlando, FL for $24.5 million
  • One Renner Ridge, a class A office building in the Kansas City, KA metro for $22.6 million
  • 1200 E. Anderson, a value-add office building in Austin, TX for $10.6 million.

The acquisition of the Hilton Grand Vacations operations center is the sixth call center acquired by Sentinel.

“We found that while there is still a lot of uncertainty around what a return-to-work look likes for the average office employee, those in customer service positions have returned to the office environment much more rapidly, supporting the immediate utility of the operation and service centers we acquire” said Dennis Cisterna, Sentinel’s CIO.

Sentinel’s primary strategy is to invest in real estate occupied by tech-centric and essential services companies that can thrive in normal market conditions and operate successfully in recessionary environments.

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Sentinel Net Lease’s Cisterna

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as he makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition