Finance Midwest

Equity Capital Management to Sell up to $625 Million of Net Lease Assets

Equity Capital Management (ECM), a commercial real estate company focused on the net lease and sale leaseback sector, announced that it has signed definitive agreements to sell up to $625 million of single tenant office, industrial, and retail properties under long term net lease agreements.

Equity Capital Management (ECM), a commercial real estate company focused  on the net lease and sale leaseback sector, announced that it has signed definitive agreements to sell up to $625 million of single tenant office, industrial, and retail properties under long term net lease agreements.

The properties being sold include assets owned by ECM Diversified Income & Growth Fund and ECM Income & Growth Fund III, two investment vehicles sponsored by ECM.  Each of the funds was focused on acquiring institutional quality, net leased, office, industrial, and retail properties, primarily leased to investment grade tenants.  The substantial majority of the office and industrial properties being sold are corporate or regional headquarters and significant regional or critical hub distribution facilities.  It is anticipated that the properties will close during the first half of 2011.  The majority of revenue from the assets being liquidated come from investment grade credits or significant subsidiaries of investment grade credits.

ECM, headquartered in Chicago, was founded by Shelby E. L. Pruett and James G. Koman with the intention of establishing itself as the leading owner, operator and manager of institutional quality, net lease real estate.