UI identified and sourced this investment opportunity for its capital partner, CBRE IM, on a non bid negotiated basis due to its strong relationship with the seller.
Key investment highlights:
- Rare opportunity to access a large portfolio of high yielding industrial assets with one of the best corporate covenants on triple net lease arrangements
- Facilities are the sales and servicing and parts centers for one of the largest manufacturer of trucks and buses in Japan
- Sites are strategically located across Japan and considered crucial to the operation of the business
- UI negotiated and executed a new 15 year lease extension including option for an additional 15 year lease renewal