Matthews Real Estate Investment Services successfully completed a $55 million exchange for a client, resulting in the acquisition of 15 assets. The transactions were handled by market leader Keegan Mulcahy and EVP Chad Kurz.
The client, an LLC owned by a family, needed to fulfill their $55 million exchange requirement after selling a 700-acre farm. They wanted to reinvest the proceeds into net lease properties in high-growth markets across the United States. With Matthews’ help, they were able to acquire 15 net lease investments in 12 different states. An impressive feat considering that Matthews was able to source 85% of these investments off-market. These acquisitions included various types of properties such as quick service and fast casual restaurants, healthcare facilities, early education centers and multi-tenant retail sites.
Mulcahy emphasized how crucial it was for them to have extensive knowledge about the market and specialize in this type of product when executing their client’s requirements successfully. By utilizing different tranches for diversification purposes and balancing return rates with risk levels for each property acquired, they not only met their clients’ exchange requirement but also structured their desired portfolio returns.
In this photo: Keegan Mulcahy
