Exterior of office building

ATLANTA—Stonemont Financial Group said Friday it had acquired anet lease portfolio from Chicago-based Oak Street Real EstateCapital for $1.3 billion. The deal, Stonemont's largest to date,was reported by the Wall Street Journal earlier thisweek.

Comprising 97 office, retail and industrial properties spreadacross 20 states, the 6.8-million-square-foot portfolio marks thefirst acquisition of Stonemont's new investment-grade income fund.The core-plus investment fund is focused on long-term, diversifiedassets, the WSJ reported.

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.


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