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Sentinel Net Lease Acquires Two Crown Point Office Building

By admin,

BALTIMORE, Dec. 19, 2022 (GLOBE NEWSWIRE) — Sentinel Net Lease (“Sentinel”) announced today that is has acquired Two Crowne Point, a 74,460 square foot office building located in Cincinnati, OH. The four-story building is 100% leased to Jacobs Solutions and HairClub.

 

Two Crowne Point serves as the regional office for publicly traded, global engineering firm Jacobs Solutions (“Jacobs”). Jacobs, ranked #262 on the 2022 Fortune 500 list, has occupied the building since 2020 and invested significant capital to its interior improving the aesthetics and creating value for the property. HairClub, the leading provider of hair loss solutions, has occupied the building since 2006. “Despite challenging macroeconomic conditions, we found many appealing factors that supported our acquisition of Two Crowne Point, including a strong income stream supported by institutional caliber tenants and a newly renovated building at a significant discount to replacement costs. We are firm believers in the stability of the regional Cincinnati economy and the Sharonville submarket, which gave us confidence in the asset’s position within the market,” said Sentinel’s Chief Investment Officer, Dennis Cisterna.

 

Two Crowne Point marks Sentinel’s first acquisition in Ohio. Fred Lewis, Sentinel’s CEO, commented, “We are excited to enter the Cincinnati market with this acquisition as it expands our operational footprint within the Midwest region. While many institutional investors focus on larger coastal metro areas, we have found that many markets throughout the Midwest offer tremendous value and consistent risk-adjusted returns to our investors. In a time of economic uncertainty, the long-term stability of income-producing assets like Two Crowne Point are very appealing compared to speculative investments.”

 

The addition of Two Crowne Point grows Sentinel’s portfolio to 16 assets across eleven states totaling over 1.6 million square feet of gross leasable area. The company continues to source new commercial real estate opportunities across the office, industrial, retail, and automotive sectors.

 

About Sentinel Net Lease
Sentinel Net Lease is a real estate investment firm founded in 2019 that is focused on acquiring commercial real estate investments that either produce monthly cash-flow or possess significant profit potential through renovation and leasing. These assets are expected to be resistant to certain market disruptions while offering potential out-sized returns for investors. Management targets opportunistic situations that may not be a fit for traditional institutional investors due to size, location, or transaction complexity, utilizing its extensive experience to understand each property’s narrative to create real value for investors.

 

Their approach combines institutional-quality, data-driven investment analysis with exceptional boots-on-the-ground operational experience and meticulous asset management to deliver strong, risk-adjusted yields. Visit www.sentinelnetlease.com for more information.

 

Contacts
Sentinel Net Lease
Laura Nguyen – Director of Investor Relations & Marketing
Laura@sentinelnetlease.com
757-574-3384

 
 
CategoriesPress Release

Sentinel Net Lease Completes Sale of Schnucks Fresh Foods in Loves Park, Illinois

By admin,

September 15, 2022 08:05 ET | Source: Sentinel Net Lease

Marks the first full cycle event for the real estate investment company

BALTIMORE, Sept. 15, 2022 (GLOBE NEWSWIRE) — Sentinel Net Lease (“Sentinel”) today announced the investment firm’s first disposition, the sale of a Schnucks Fresh Foods in Loves Park, Illinois. The 142,357 square foot retail building was 100% leased and occupied by Schnucks Markets, Inc., one of the nation’s largest private grocers.

Sentinel Net Lease was founded by investment veterans Fred Lewis and Dennis Cisterna III with a primary strategy to invest in real estate occupied by tech-centric and essential services companies that can thrive in normal market conditions and operate successfully in recessionary environments.

This property was acquired less than two years ago at an attractive capitalization rate during the height of the pandemic. Sentinel’s original business plan was to repurpose and re-tenant the excess distribution space on the property and develop new street frontage retail on the oversized parking lot over the next several years.

“While we generally acquire assets with a longer hold period in mind, we received an unsolicited offer from an institutional buyer and were able to sell the property at a substantial profit in a shorter investment period without taking on any additional risk. While I am sad to not be able to execute our full vision for the property, we are thrilled to generate a tremendous return to our investors and complete our first full cycle investment,” said Cisterna, Sentinel’s Chief Investment Officer.

The Loves Park location is just one of several Schnucks properties owned by Sentinel throughout the Midwest. Lewis, Sentinel’s CEO, commented, “We are big believers in great companies, defensive industries, and stable markets throughout the Midwest region. Grocery was considered necessity-based retail and Schnucks Markets is a fantastic operator across several states, making this an ideal acquisition for our net leased portfolio. Our business plan did not call for a sale after just two years, however; the opportunity to dispose of the asset and provide outsized returns to our investors was a decision that management felt was in the best interest of our investors.”

About Sentinel Net Lease

Sentinel Net Lease is a real estate investment firm founded in 2019 that is focused on acquiring commercial real estate investments that either produce monthly cash-flow or possess significant profit potential through renovation and leasing. Our properties are expected to be resistant to certain market disruptions while offering potential out-sized returns for investors. Management targets opportunistic situations that may not be a fit for traditional institutional investors due to size or transaction complexity, utilizing the firm’s extensive experience to understand each property’s narrative to create real value for investors.

Sentinel’s approach combines institutional-quality, data-driven investment analysis with exceptional boots-on-the-ground operational experience and meticulous asset management to deliver strong, risk-adjusted yields. Sentinel Net Lease currently own 15 properties totaling over 1.5 million square feet with assets under management in excess of $240MM.

Visit sentinelnetlease.com for more information.

Contacts
Sentinel Net Lease
Laura Nguyen – Director of Investor Relations & Marketing
laura@sentinelnetlease.com

Press Release: https://www.globenewswire.com/news-release/2022/09/15/2516859/0/en/Sentinel-Net-Lease-Completes-Sale-of-Schnucks-Fresh-Foods-in-Loves-Park-Illinois.html

 

CategoriesPress Release

Sentinel Net Lease Appoints Jamie Ricalde and Laura Nguyen to New Company Roles

By admin,

BALTIMORE, Aug. 18, 2022 (GLOBE NEWSWIRE) — Sentinel Net Lease (“Sentinel”) recently added two members to its leadership team. Jamie Ricalde joins as Senior Associate, Asset Management & Acquisitions and Laura Nguyen serves as Director of Investor Relations and Marketing.

Ricalde joins as Sentinel continues to grow its commercial real estate portfolio across the nation. She will support the asset management and acquisition functions of Sentinel from new investment diligence and overall property and asset management of the portfolio of 15 properties. Jamie previously worked in real estate capital markets within the corporate and investment banking division of Wells Fargo focusing on CMBS and balance sheet loans. She has experience in historical tax credit syndication and international alternative investments. “We are very excited to welcome Jamie to the team as she focuses on streamlining our internal processes from acquisition to disposition. Her previous experience will solidify our long-term asset management plans and help strengthen Sentinel’s relationships with our third-party vendors as we continue to grow our portfolio,” said Andrew Broeren, Sentinel’s Chief Operating Officer.

With more than 15 years of commercial real estate experience, Nguyen joins the Sentinel team to focus on developing and implementing strategies to grow Sentinel’s investment platform and market to potential investors. She has deep experience in executive-level portfolio management, debt and capital market decision management, risk mitigation, due diligence, investor relations, and financial reporting. Ms. Nguyen previously served as Corporate Secretary and Director of Investor Relations of Wheeler Real Estate Investment Trust, where she served on the executive team that acquired and managed income-producing retail properties. Laura is the 2022 President of CREW (Commercial Real Estate Women) Network’s Coastal Virginia chapter and serves on CREW Network’s global industry research committee. Laura is a graduate of the class of 2022 CIVIC Leadership Institute. Laura earned a Bachelor of Science degree in Communications from Old Dominion University. “We are thrilled to add Laura to the Sentinel leadership team as she brings a wealth of experience to this role, having spent most of her career focused on developing and implementing investor relations functions. With our growing investor base, we are focused on providing best-in-class communication of our performance and our strategy to our investors,” said Dennis Cisterna, Co-Founder and Chief Investment Officer.

Fred Lewis, Co-founder and CEO, commented, “These new leadership roles for two well respected industry veterans demonstrates Sentinel’s ability to attract talent to our growing platform and confidence in our management team. As we continue to implement our strategy of owning and managing high quality commercial real estate assets, we look forward to the contributions that Jamie and Laura will bring.”

About Sentinel Net Lease

Sentinel Net Lease is a real estate investment firm founded in 2019 that is focused on acquiring commercial real estate investments that either produce monthly cash-flow or possess significant profit potential through renovation and leasing. Our properties are expected to be resistant to certain market disruptions while offering potential out-sized returns for investors. Management targets opportunistic situations that may not be a fit for traditional institutional investors due to size or transaction complexity, utilizing the firm’s extensive experience to understand each property’s narrative to create real value for investors.

Sentinel’s approach combines institutional-quality, data-driven investment analysis with exceptional boots-on-the-ground operational experience and meticulous asset management to deliver strong, risk-adjusted yields. Sentinel Net Lease currently own 15 properties totaling over 1.5 million square feet with assets under management in excess of $240MM.

Visit sentinelnetlease.com for more information.

Contacts
Sentinel Net Lease
Laura Nguyen
laura@sentinelnetlease.com

Press Release: https://www.globenewswire.com/news-release/2022/08/18/2500782/0/en/Sentinel-Net-Lease-Appoints-Jamie-Ricalde-and-Laura-Nguyen-to-New-Company-Roles.html

CategoriesInsights

Hunting for pandemic-proof real estate: Sentinel Net Lease not shying away from the Midwest

By admin,

Los Angeles-based Sentinel Net Lease has never overlooked the Midwest, regularly investing its dollars in properties throughout the center of the country even before the COVID-19 pandemic hit. And now that the commercial real estate market has been working through the pandemic for more than a year? Sentinel still likes the affordable prices and profit potential of Midwest-based assets.
Read the full article here.

CategoriesPress Release

Tesla Store Service Center in Chicago Metro Area Acquired by Sentinel Net Lease for $10.5MM

By admin,

LOS ANGELES–(BUSINESS WIRE)–Sentinel Net Lease (“Sentinel”) is proud to announce the acquisition of a Tesla Store & Service Center for $10.5 million. The 27,032 square foot property is 100% occupied by Tesla under a long-term lease and sits on 2.61 acres in the Chicago Metro Area in Schaumburg, Illinois.

With this latest purchase, Sentinel is continuing to tie itself to real estate occupied by tech-centric and essential service companies poised for long-term growth, executing on acquisitions of pandemic-resistant real estate that have the potential to generate sustainable, passive income.

Read the full article here.

CategoriesInsights

Does a New Occupant in the White House Matter to CRE?

By admin,

With a new president in the White House, many people are wondering how a new administration will impact commercial real estate. While which political party is in power doesn’t necessarily shift real estate cycles, there are some ways that various legislation and regulatory decisions can impact the market as a whole. Read more “Does a New Occupant in the White House Matter to CRE?”

CategoriesPress Release

Sentinel Net Lease Closes Out Successful Year with Three Acquisitions Totaling $40MM in the Fourth Quarter of 2020

By admin,

LOS ANGELES–(BUSINESS WIRE)–Sentinel Net Lease (“Sentinel”) closed out a very active year with three commercial real estate net lease investments totaling $40MM in the fourth quarter. In total, Sentinel, created by investment veterans Fred Lewis and Dennis Cisterna, acquired nearly $90MM in assets over the past 12 months.
Read more “Sentinel Net Lease Closes Out Successful Year with Three Acquisitions Totaling $40MM in the Fourth Quarter of 2020”

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    Sentinel Net Lease is a privately-owned real estate investment firm that acquires and manages commercial real estate properties across the nation. Our philosophy marries institutional-quality, data-driven investment analysis with exceptional boots-on-the-ground operational experience and meticulous asset management to deliver strong, risk-adjusted returns. We currently own 15 assets totaling over 1.5 million square feet with assets under management in excess of $240MM.

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