Matthews Real Estate Investment Services structured a $55-million exchange on behalf of a client, facilitating the acquisition of 15 assets. Market leader Keegan Mulcahy and EVP Chad Kurz handled the transactions.

The client, a family-owned LLC, had recently sold a 700-acre farm, triggering the $55-million exchange requirement. The family aimed to reinvest the cash into net lease assets in high-growth markets throughout the U.S. Ultimately, 15 net lease investments were acquired across 12 states, with 85% of the investments being sourced off-market by Matthews. The acquisitions included quick service and fast casual restaurants, healthcare facilities, early education assets, multi-tenant retail sites and other verticals within the net lease universe.

“Market knowledge and product specialization were critical in executing our client’s requirement,” Mulcahy said. “By leveraging different tranches for diversification and balancing various return and risk thresholds for each property, we were able to complete the exchange requirement while also structuring our client’s desired return on their portfolio.”

Pictured, above: Keegan Mulcahy. Below: Chad Kurz.