Cantor Gears Up for Foray Into Net Lease

Cantor Fitzgerald CEO Howard Lutnick will also lead Rodin Global Property Trust.

NEW YORK CITY—With the net lease industry convening Thursday morning at the JW Marriott Essex House for RealShare Net Lease comes word that players in the space will soon have company. Cantor Fitzgerald said earlier this week that a registration statement for its Rodin Global Property Trust, which will invest in single-tenant net lease in the US and Europe, had been declared effective by the Securities & Exchange Commission.

RGPT is offering up to $1 billion of shares of common stock in its primary offering, consisting of three share classes: Class A common shares at an initial price of $26.32 per share; Class T common shares at an initial price of $25.51 per share; and Class I common shares at an initial price of $25.00 per share. The public non-traded REIT is also offering an additional $250 million of shares of common stock under its distribution reinvestment plan at an initial price of $25.00 per share.