ElmTree Continues Acquisition Streak for Net Leased Office and Industrial
St. Louis-based ElmTree Funds, a net-lease real estate private equity firm, acquired seven assets located across the U.S. for approximately $800 million during the first quarter of 2022. The recent acquisitions include 3.2 million square feet of Class A logistics and office properties, each fully leased to an investment grade tenant on a long-term basis.
The majority of the transactions ElmTree closed during Q1 originated from ElmTree’s longstanding relationships with its developer and corporate partners.
The Q1 acquisitions feature a weighted average lease term of 13.7 years, a weighted average credit rating of A for those tenants with issued credit ratings. In ElmTree’s view, they’re located in some of the nation’s top performing markets including Raleigh, Minneapolis and Seattle.
Last year, ElmTree completed approximately $4 billion in investment transactions consisting of 47 properties across 16.5 million square feet, and this year, is continuing its strategic acquisition activity.
- ◦Sale/Acquisition