Portfolio Statistics.Net Leased. Long-Term. Diversified.
Creditworthy. Inflation-Protected. Resilient.
We own and operate a diversified portfolio of strategically-located, institutional-quality office and industrial properties subject to long-duration leases with many world-renowned companies.
Institutional Quality Portfolio of
Net-Leased Office & Industrial Properties.
$5.7B
Total enterprise value
121/144
Properties / Buildings
84%/16%
Office / Industrial
$357.6M
In-place annual rent
94.4%
Portfolio Occupancy
6.5 Yrs
WALT
64.7%
IG Tenants BBB Avg. Rating
2.0%
Average Annual Escalations
Representative Tenants.
Rent Growth.
Top 10 Tenants
Top Tenants | Rating | % of Net Rent | WALT | |
 | Amazon.com Inc. | AA | 3.8 | 10.0 |
 | General Electric Company | BBB+ | 3.2 | 3.6 |
 | Keurig Green Mountain, Inc. | BBB | 3.2 | 8.1 |
 | Wood Group USA, Inc. | HY2 | 2.8 | 3.9 |
 | Southern Company Services, Inc. | A- | 2.5 | 22.5 |
 | McKesson Corporation | BBB+ | 2.5 | 7.0 |
 | LPL Holdings, Inc. | BB+ | 2.3 | 15.1 |
 | Cigna Corporation | A- | 2.3 | 3.0 |
 | Freeport Minerals Corporation | Baa2 | 2.2 | 5.6 |
 | State Farm Mutual Automobile Insurance Company | AA | 2.1 | 2.3 |
Top 10 Total/Average Lease Term | 27.0 | 8.1 |
Investment Grade Rating
Tenant Profile – 130 Tenants
Average Square Footage Leased per Tenant | 211,735 |
Average Annual Net Rent per Sq Ft - Office | $16.44 |
Average Annual Net Rent per Sq Ft - Industrial | $5.20 |
Weighted Average Credit Rating | BBB |
Weighted Average Lease Term (WALT) | 6.5 |
Top 10 Industries
Industry | % of Net Rents |
Capital Goods | 13.0% |
Retailing | 8.8 |
Healthcare Equipment & Services | 8.7 |
Materials | 8.1 |
Consumer Services | 7.7 |
Insurance | 7.3 |
Telecommunication Services | 5.9 |
Technology Hardware & Equipment | 5.6 |
Diversified Financials | 5.3 |
Consumer Durables & Apparel | 5.0 |
Top 10 Total | 75.4% |
All Others | 24.6% |
Top 10 States (% of Net Rents)
