Stonemont Debuts Income Fund with $1.3B Buy

A CBRE Capital Markets team arranged CMBS and mezzanine financing for the 97-property net lease portfolio spread across 20 states, which Stonemont acquired from Oak Street Real Estate Capital.

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ATLANTA—Stonemont Financial Group said Friday it had acquired a net lease portfolio from Chicago-based Oak Street Real Estate Capital for $1.3 billion. The deal, Stonemont’s largest to date, was reported by the Wall Street Journal earlier this week.

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.

Dig Deeper

Recommended Stories

CBRE’s Philly-based Net-Lease Team Scores with 97 Properties Worth $251M

Steve Lubetkin | January 15, 2019

The property sales included 24 bank branches, 15 discount stores, 15 day cares and 14 restaurants across 15 states.

WCRE Relocates Philadelphia Office, Adds Coleman from Keller Williams Commercial as Chief Sales Officer

Steve Lubetkin | January 10, 2019

Kevin Coleman has joined WCRE as EVP and chief sales officer. He comes from Keller Williams Commercial.

Multifamily Appears Most Popular For Opportunity Zone Investments

Tanya Sterling | January 17, 2019

“The Opportunity Zone program appears to be attracting significant amounts of capital, and many investors we have spoken to have mentioned multifamily as perhaps the best property segment for investment under the program."

GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
Exclusive discounts on ALM and GlobeSt events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now