AIC Ventures Starts New Sale Leaseback Investment Fund

Austin Business Journal - December 1, 2009

AIC Ventures has begun to acquire assets for a new real estate trust through its subsidiary, NL Ventures VIII LP.

The Austin-based company invests in a diversified pool of single-tenant, net leased office, industrial and warehouse real estate throughout the country. For its latest trust, the company will make about 25 acquisitions for NL Ventures VIII and will consider properties valued from $3 million to $40 million. Two assets are scheduled to close prior to year end.

The new investment fund, the company’s eighth, has been in the planning stages for the past year.

“This time of economic uncertainty has created compelling investment opportunities for our funds,” said David Steinwedell, managing partner of acquisitions. “We are completing the acquisitions for our seventh fund and are very pleased to be able to continue to provide capital to middle-market companies through sale-lease back and net leased transactions. This type of financing effectively turns a company’s bricks and mortar into working capital. We particularly appreciate the confidence our investors have, once again, placed in us.”

The properties acquired by the new fund will be structured as absolute net leases, where the tenants maintain operational control of the real estate while gaining immediate access to capital. Typically, tenants use sale-lease back agreements to reduce debt or help fund corporate growth, among other things. Sphere: Related Content