SAN JOSE—DJM Capital Partners Inc. has closed its initial round of funding for its $200 million single tenant net lease fund. Bob Brown was responsible for the fundraising initiative, having joined the company last year as senior vice president/acquisitions.
D. John Miller, founder and CEO, DJM Capital Partners, tells GlobeSt.com: "Many firms are reluctant to enter the single tenant net lease space because it requires a lot of time, energy and granular work to realize return. But, when the right group like DJM is willing to roll up its sleeves and work to maximize value, NNN properties can mean a big payoff for investors."
DJM Capital Partners' single tenant net lease fund is focused on acquiring multiple-property portfolios with added value potential in premier, high-barrier-to-entry locations nationwide, with a primary focus on the West Coast, Texas, the Sunbelt and New England. Brown anticipates that capital deployment will be accomplished within the next 12 months.
“We've been able to swiftly raise capital for this fund, as investors clearly see the opportunity in the triple-net sector and, more importantly, because it's a natural fit for our expertise,” says Brown. “The DJM Capital team is uniquely positioned to manage, course-correct, and value-enhance single tenant net lease assets, leveraging our success in financial engineering and redevelopment of larger, multi-tenant properties.”
DJM Capital Partners finds creative solutions to complex situations involving underperforming or improperly capitalized assets. The firm uses its expertise to enhance and add value, thus moving assets from value-add to core or core-plus holdings. DJM Capital Partners has a current portfolio of approximately 3 million square feet with an estimated total portfolio value of $1 billion.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
