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ECM Sells Net Lease Assets to Two Buyers for $625M

CHICAGO-The local firm inks agreements with two buyers – an institution and a REIT – for the sale of assets in two funds.

By Jennifer Duell Popovec | Updated on March 16, 2011

CHICAGO-Although Equity Capital Management had initially planned to go public with a number of its net lease assets, the local firm has instead decided to sell off most of those properties in the private market.

It has inked agreements with two buyers – an institution and a REIT – to acquire $625 million worth of single tenant office, industrial, and retail properties under long term net lease agreements, according to Shelby E. L. Pruett, co-founder and managing partner of ECM.

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