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Millcreek Commercial Properties has partnered with American Development Partners to develop $50 million in single-tenant triple-net lease assets throughout the US in the fourth quarter. Millcreek will serve as the capital partner for American Development, which will build multiple single-tenant properties, including two facilities for Healthcare Solutions Holdings.

Millcreek was introduced to the American Development Partners while scouting an opportunity in Houston. “They have an extensive background in single-tenant net lease product across the US,” Kevin Long, president and CEO at Millcreek Commercial, tells GlobeSt.com. We spent a number of months exploring a venture together. We have come together and are excited about the synergy that these two companies bring together for the American public.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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