AIC Ventures has launched its sixth real estate-focused fund, the $300 million (€228 million) NL Ventures VI.
The fund recently completed its first acquisition – the purchase of the Ft. Lauderdale, Florida facilities of New River Cabinet & Fixture. As with all the properties to be acquired for the fund, the real estate was leased back to the tenant, who will retain operational control.
“This type of financing effectively turns a company’s bricks and mortar into working capital,” partner Dave Robshaw said in a statement.
NL Ventures VI will build a portfolio of 25 to 35 properties that are valued between $4 million to $45 million.
AIC Ventures invests in single tenant, net leased office, and industrial and warehouse real estate in the US.
The firm has closed transactions worth more than $700 million through 50 private partnerships and six funds; it has acquired more than 11 million square feet of commercial real estate via its funds.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: