BLOOMFIELD HILLS, Mich.,
Jan. 14, 2021 /PRNewswire/
-- OFP Real Estate, LLC (a/k/a One Family Property) ("OFP")
announced today that it closed on the acquisition of a net-leased
investment tenanted by Walgreens Boots Alliance (NASDAQ: WBA)
located in a Cleveland, Ohio metro
market. The investment was acquired with a long-term lease in
place, providing stable, strong, and predictable returns. This
transaction marked the companies first 2021 acquisition.
One Family Property is committed to increasing investor value
with long-term, stable, income-producing investments. This
acquisition will increase OFP's investment in the net-lease market
to more than $45,000,000 throughout
five different states.
"We are pleased to announce this acquisition," said Aaron Baum, Managing Principal. "We remain
focused on our investment goals set forth in the prior year and
expect to exceed our $150,000,000
acquisition target by the end of 2021."
About One Family Property:
One Family Property is a real estate investment firm based in
Bloomfield Hills, Michigan. The
company is primarily engaged in the acquisition of properties
net-leased to industry-leading, retail tenants. Last year, the
company acquired more than $40,000,000 of net-leased investments. The
company looks to acquire more than $250,000,000 over the next 12 – 24 months.
View original
content:http://www.prnewswire.com/news-releases/one-family-property-announces-acquisition-of-investment-property-301208856.html
SOURCE One Family Property