Sale-Leaseback, Net Lease, Build-to-Suit – Investment Strategy

DACL seeks to identify investment opportunities in the net lease, sale-leaseback, and build-to-suit real estate markets that have strong prospects for attractive risk-adjusted returns over time and across a variety of market conditions and economic cycles.  Targeted acquisitions of undervalued and operationally significant assets leased to or guaranteed by investment grade tenants and other high credit quality tenants on a long-term basis are preferred.

  • Investing in Build-to-Suit transactions
  • Focus on acquiring mission-critical and operationally significant real estate
  • Acquiring existing, high quality, net-lease real estate in non-traditional, secondary markets
  • Structuring transactions with investment grade tenants

Our channel funding partner is currently on its second fund.  This Net Lease Fund invests primarily in single-tenant office and industrial properties that are leased to creditworthy tenants under long-term leases.

Location: Major U.S. markets and submarkets.
Property Type: Office, Industrial, Governmental, and Commercial properties
Lease Term: Minimum 9 Years
Lease Form:  NN, NNN, Modified Gross
Tenant: Single Tenant.
Credit:  AAA to B.
Transaction Size:  $5 Million to $60 Million.

We believe that the recent and in some cases, current, challenging economic climate have created demand for build-to-suit transactions to seek traditional real estate capital sources. Our channel funding partner has successfully provided “build-to-suit” financing in the form of the following:

  • Forward take-out commitments
  • Joint-venture equity
  • Mezzanine debt
  • Preferred equity

DACL and its partner’s commercial real estate investment team consists of not just financial managers, but commercial property developers, property managers, architects, and construction personnel to customize solutions to create a win/win for developers and corporate clientele nationwide. Historically, our channel funding partner’s predecessor funds have sponsored successful build-to-suit, net lease and sale-leaseback transactions with investment grade tenants including Coca-Cola, Dupont, Solae, Novus, T-Mobile, and GE.

Operations specific real estate is a high priority for funding.  Operationally specific real estate are properties that are critical to a corporation’s day-to-day operations and have a high probability of lease renewal. Property types included in this category are:

  • Distribution/Manufacturing Facilities
  • Corporate Headquarters
  • Data Centers
  • GSA/Institutional Facilities
  • Healthcare Facilities
  • Regionally Significant Operation Centers

To find out more about how DACL can help get your Net Lease, Sale-Leaseback or Build-to-Suit project off the ground and funded, contact us today.  Call Michael Gross direct at 404-549-6756 or email

Lending in all 50 states and focusing on Net Lease, Sale-Leaseback and Build-to-Suit opportunities in the markets and submarkets listed in the S&P Case Shiller Home Price Index and the surrounding secondary markets to those cities.  We look for opportunities in:  Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, Fort Lauderdale, Orlando, San Diego, New York, San Francisco, Phoenix, Atlanta, Tampa Bay, Detroit, Minneapolis-Saint Paul, Charlotte, Dallas / Fort Worth, Portland, Seattle, Cleveland, Oklahoma City, Jacksonville, Indianapolis, Nashville, Kansas City, Louisville, Milwaukee, New Orleans, Philadelphia, Raleigh, Sacramento, Salt Lake City, San Antonio, San Jose, Saint Louis, Tucson, Austin, Baltimore.