TKCI) Announces the Closing of Pine Ridge Estate Acquisition

Fort Lauderdale, FL, Oct. 27, 2020 (GLOBE NEWSWIRE) — via NewMediaWire — Turnkey Capital Inc. (“TKCI” or the “Company”) is pleased to announce that it has completed a share exchange agreement to acquire Pine Ridge Estates, a Georgia limited liability corporation focused in real estate investments, transactions, and development.  

The company has agreed to acquire Pine Ridge Estates in an all-stock transaction. Pine Ridge Estates is currently focused on developing its real estate asset located in the town of Thomasville, Georgia.  Phase 1 of the community is complete and sold out as single-family homes.  Phase 2 has been purchased, zoned, and engineered for 47 lots.  The planned community will be developed as a rental only single-family home complex with home sizes ranging from 1400-1700 square feet.  The homes will be eligible for Section 8 but not required.  Each lot has been individually plotted to allow for the future opportunity of

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FCPT Announces Acquisition of Dual-Tenant Panera Bread / AT&T Property for $2.6 million

MILL VALLEY, Calif.–(BUSINESS WIRE)–
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a dual-tenant property for $2.6 million. The property is occupied by a corporate-operated Panera Bread and a corporate-operated AT&T (NYSE: T). Each tenant is subject to a separate net lease with approximately nine years of weighted average term remaining. The property is located in Indiana. The transaction was priced at a 6.8% going-in cash cap rate, after property management expenses and exclusive of transaction costs.

About FCPT

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant

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BGL Announces the Acquisition of a Multifamily Real Estate Portfolio in Washington, D.C.

CLEVELAND, Oct. 20, 2020 /PRNewswire/ — Brown Gibbons Lang & Company (BGL) is pleased to announce the acquisition of a four-building multifamily portfolio in Washington, D.C. on behalf of RLP Investments LLP (RLP). In total, the portfolio consists of 51 units and 36,324 square feet of multifamily real estate, approximately 10 miles east of downtown Washington, D.C. BGL’s Real Estate Advisors Group served as the exclusive financial advisor to RLP in the transaction. Financing for the acquisition and renovation of the properties was provided by MainStreet Bank. The developer was represented by Steven M. Buckman of BuckmanLegal, PLLC of Washington, D.C.

“BGL was able to help secure the acquisition financing in a very quick and efficient manner.”

Mikhail Phillips, Managing Member of RLP, commented, “BGL was able to help secure the acquisition financing in a very quick and efficient manner, as they stepped in when a prior advisor

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Brennan Completes Acquisition Of Surplus Corporate Real Estate Asssets

CHICAGO, Oct. 20, 2020 /PRNewswire/ — Brennan Investment Group, a private real estate investment firm that acquires, develops, and operates industrial facilities throughout the United States, announced its acquisition of six surplus industrial buildings totaling 308,908 square feet in Plant City, Florida, in the Tampa MSA. The seller, Paradise Inc., is a producer and distributor of Candied Fruit brands throughout the country.

“The Plant City and Eastern Hillsborough market has seen unprecedented growth in the industrial sector over the last three years,” said Bob Krueger, Managing Principal at Brennan Investment Group. “The Paradise Commerce Center provides a unique opportunity to accommodate many uses including manufacturing, distribution and commercial. The location, which is just minutes off Interstate 4, fronts on Alexander and Martin Luther King Boulevards, two of the main highways through Plant City.”

The properties are a mile off the I-4 Corridor, running between Tampa

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One Family Property Releases Acquisition Activity Update

BLOOMFIELD HILLS, Mich., Oct. 16, 2020 /PRNewswire/ — OFP Real Estate, LLC (a/k/a One Family Property) (“OFP”) announced today that is has acquired approximately $18,000,000 of Net Lease real estate investments around the country thus far in 2020. With a robust pipeline of over $40,000,000 in acquisitions for the remainder of the year, One Family Property is committed to providing their investors, partners, and clients with unparalleled real estate opportunities. One Family Property was founded in early 2020 by Aaron Baum and Jason Fisher.

The OFP acquisition pipeline includes net leased opportunities to a variety of credit back retailers and other tenant-users.  

About One Family Property:

OFP Real Estate, LLC (a/k/a One Family Property) (“OFP”) is a real estate investment firm based in Bloomfield Hills, Michigan which commenced business in early 2020. The company is primarily engaged in the acquisition of properties leased to industry-leading retail tenants.

In

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