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HORSHAM, PA-GMAC Commercial Holding Capital Corp. formed a Net Lease Acquisitions group aimed at corporations that want to sell their real estate assets and lease them back. Under the program, GMAC Commercial Holding Capital will acquire the assets as a principal and structure 15- to 20-year triple net leasebacks with the sellers.

All types of commercial real estate properties, with the exception of healthcare and hospitality facilities, are targets for participation. The average acquisition price will range from $5 million to $25 million per property. In all, the group expects to acquire between $250 million and $500 million in corporate-leased properties in 2005.

Gregg Fields and Patrick Pearson, who previously established a corporate sale/leaseback program for GE Capital, are co-managers of the new GMAC group. Together they have more than 50 years of combined experience in completing corporate-property transactions at an aggregate of more than $2 billion.

Citing the managers’ well-connected and innovative experience in this field, Conrad Suszynski, EVP of GMAC Commercial Holding, says, “We are confident we can leverage our real estate expertise and leadership in the market to meet the needs of corporations seeking to monetize their real estate assets.”

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