GE Capital Real Estate and US Realty Advisors Form $500-Mil Alliance

STAMFORD, CT-US Realty Advisors LLC of New York City and GE Capital Real Estate of Stamford have formed an alliance that will focus on acquiring net leased real estate assets across the nation. Cathleen Crowley, managing director of GE Capital Real Estate, will head the new alliance, which will be headquartered here. The yet-to-be-named organization intends to purchase up to $500 million in net leased corporate real estate.

US Realty Advisors, a real estate investment banking, asset management and corporate advisory firm, will originate the transactions and manage the properties. The acquisition program will emphasize obtaining assets that are net leased for at least 15 years to tenants with credit ratings from B to BBB, and will include warehouse, retail and office properties. GE Capital Real Estate officials note that the properties can be existing ones that are sold by a corporation and leased back, or new properties that are owned by third parties.