National CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Three-State Early Childhood Portfolio Sells to Florida REIT
Marcus & Millichap recently closed the sale of the Yellow Brick Road Portfolio, 18 triple-net-leased early childhood development centers in Iowa, Minnesota and Nebraska. The portfolio sold for $41,587,000.
“Net‑leased investment activity accelerated meaningfully in 2025, with transaction volume up 26% year‑over‑yeaR” said Spencer Berkley, director of investments. “Our team is excited to carry that momentum into 2026, and this transaction provides a strong start to the year.”
Berkley, Mark Ruble, Chris Lind, and Zack House of Marcus & Millichap, in association with Jon Ruzicka, Marcus & Millichap’s broker of record in Iowa and Minnesota, and Adam Lewis, the firm’s broker of record in Nebraska, represented the sellers, Ben Ditzer and Bob Carlson of Triple Net Capital. They also procured the buyer, a Florida-based REIT.
“The portfolio included a range of lease structures and ownership entities that required a flexible and strategic execution approach to close the transaction,” Berkley added. “In total, we brokered the sale of 20 Yellow Brick Road properties as two assets were sold separately to private buyers prior to the sale of the remaining 18 properties. This allowed the seller to execute both individual asset sales and a larger portfolio disposition efficiently.”
- ◦Sale/Acquisition
