In October 2016, Pontus Capital completed a sale-leaseback with one of the country’s largest general merchandise retailers. The transaction was comprised of a portfolio of operating stores located in Wisconsin and Montana. Pontus was selected based upon superior terms, prior relationship and certainty of close. Scott Stokas, Partner, commented, “We are pleased to quickly close this transaction and fully meet all of the seller’s closing requirements. This acquisition furthers Pontus’ long term objective to acquire stable, cash flowing triple net lease properties leased to strong and growing national tenants.” The portfolio is 100% leased under a long term, triple net master lease agreement.
Pontus Capital invests in and manages real estate secured investments on behalf of its private and institutional capital partners and is pleased to add this portfolio of long term net leased properties to its growing portfolio.