Scale
A national portfolio of institutional size, offering immediate deployment for a partner seeking meaningful exposure in a single transaction.
Confidential
Project Copper
National Retail Portfolio
Joint venture or limited partner equity, sponsored by Crown Acquisitions
The opportunity
Crown Acquisitions is sponsoring the acquisition of a national retail portfolio valued at a little over $1 billion, leased to a single credit tenant under a unitary net lease, and being acquired at a substantial discount to replacement cost.
A significant portion of the required equity is committed. Crown is open to either a joint venture or a limited partner participation for the balance, and is speaking with a limited number of capital partners.
Further detail, including the tenant, the portfolio composition, the underwriting, and the partnership terms, is available to partners who have executed a confidentiality agreement with Crown.
Portfolio value
Over $1B
Tenancy
Single credit tenant
Lease structure
Unitary net lease
Structure sought
JV or LP equity
Why we are showing it
Credit
A single credit tenant under one unitary net lease, with contractual rent obligations running through the intended hold period.
Basis
Acquired at a substantial discount to replacement cost, providing downside protection independent of the business plan.
The sponsor
Crown Acquisitions is a New York based owner and operator of retail real estate founded by Stanley Chera Sr. and Isaac Chera. Investing as a principal, Crown has acquired and developed billions of dollars of high profile commercial real estate across global gateway cities, with more than 10 million square feet currently under management.
Crown invests alongside its partners in every deal. Select holdings are shown below.
Select real estate owned by Crown Acquisitions and its partners. Not part of the subject portfolio.
Enter the data room
Portfolio detail, the confidential information memorandum, the underwriting model, and partnership terms are released to partners under an executed confidentiality agreement. Enter with the access code supplied by the deal team.