Business Insider (Markets Insider) – April 24, 2024: “Sentinel Net Lease Announces Launch of Sentinel Opportunity Fund I.” A press-release announcement (via Accesswire) covered on Markets Insider. Sentinel Net Lease launched a new $100 million closed-end fund to acquire stabilized commercial properties (office, retail, industrial) in key suburban markets[16]. The release explains that, with higher interest rates softening property values, Sentinel sees a chance to buy high-quality single-tenant assets at attractive cap rates[17]. Cisterna is quoted emphasizing the focus on deals that “make sense in today’s environment,” favoring long-term leases to strong credit tenants over speculative plays[18]. The fund had already secured $20+ million in commitments and had several assets under contract as of launch, targeting 15–20 acquisitions (~$250M total with leverage)[19]. (Link: Business Insider Markets)
