Investment Grade Funds Acquires Properties
IGF Investment Grade Fund, I, LP has acquired a 5,800 square foot Sherwin-Williams Home Improvement Building, on a long-term lease for $1,446,390.
The property is located at 18206 Manhattan Pkwy in Cornelius, North Carolina. It is just north of Charlotte, in an upscale residential community whose demographics have seen a substantial population growth over the past 25 years.
William Levy, Co-Founder/Senior Advisor at IGF Investment Grade Fund, I, LP, stated, “This asset has a combination of excellent demographics, is a necessity based retailer and fits our strict acquisition criteria. We are currently in escrow with four additional single-tenant, net-leased properties that will close in December 2016.”
IGF Investment Grade Fund I, LP is a $135 million real estate investment fund, who’s principals have over 46-years experience in the commercial real estate industry, throughout the United States.
For more information: please call 800-969-9584 x205 or email email@example.com.
This is an excellent article and description of why businesses are leaving California and moving to more business friendly states. Tennessee aggressively recruited Carl’s Jr. with income tax incentives, lower occupancy costs and and substantially fewer regulatory hoops to jump through. In addition, the cost of living and the cost of housing is significantly lower making employee recruiting and retention much easier.
Tennessee made Carls Jr. an offer they couldn’t refuse…….and it’s happening more and more throughout California. In fact, California, as one of the worst rated states in America in which to do business, is ripe for the picking…..and the aggressive, more business friendly states are doing exactly that…..picking off California’s finest and enticing them to relocate.
Now, take that thinking a step higher to the Macro level where other countries are aggressively encouraging some of our country’s largest businesses to relocate out side of the U.S. They use the same attractive financial incentives, as our aggressive business friendly states do, to entice them to relocate. The biggest incentive is a reduction, or the elimination, of income taxes. If these companies do relocate, we lose jobs, tax revenue and all their potential growth potential. Since we can’t force these companies to move back to the U.S. or force them to employ Americans, we must adopt some of the strategies that our business friendly states do, and start offering them whatever tax incentives are necessary to move them back to the U.S. and, once again, begin employing American workers.
Bill Levy Santa Barbara
IGF Partners, LLC, Sr. Advisor
VEREIT’s business plan, released last August, proposes to cut between $1.8 billion and $2.2 billion of worth of assets from its portfolio by the end of the year. The REIT has already made significant headway toward that goal, completing dispositions valued at $1.4 billion as of last Dec. 31.
“We don’t see a market pushback to our strategy,” said Glenn Rufrano, VEREIT’s CEO. Since the beginning of the year, REITs have slipped 4 percent to 5 percent on the RMZ and RMS indices, but the net lease sector (in which VEREIT participates) is up 5 percent. “As people look to invest, they’re gravitating towards safety, and the public markets indicate that’s net lease,” Rufrano asserted.
Bill Levy, Santa Barbara
IGF Partners, LLC, Senior Advisor