"There were 10 assets that went in at the time of funding," BenButcher, CEO of STAG Capital, tells GlobeSt.com. "And then we'll bebuying more with the additional proceeds available to us." Previousfunds have included as many as 37 states, he explains, this fund,while not as large will still be "geographically diverse."According to STAG, the fund will close by the end of the year. Whenthe company closes this fund, Butcher says, it will begin with itsfifth fund.
"We have an attractive collateral pool," Butcher explains. "Wehave diversified industrial assets, which is good collateral tolend against." Recently, STAG purchased the Famous Footwearwarehouse in SunPrairie, WI; and two fully-leased properties in RuralHall, NC and Cheektowaga,NY.
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