The Geneva Group Launches Geneva National Credit Income Fund to Acquire National Credit and Regional Net Lease Assets
The Geneva Group announces the formal launch of the Geneva National Credit Income Fund I, L.P. This alternative commercial real estate investment fund will be used to acquire National Credit and Regional net lease assets across the U.S.
DEERFIELD BEACH, Fla., January 6, 2022 (Newswire.com) - The Geneva Group ("Geneva") announces the formal launch of the Geneva National Credit Income Fund I, L.P. This alternative commercial real estate investment fund will be used to acquire National Credit and Regional net lease assets across the U.S. The fund's investments will include nationally recognized tenants such as Starbucks, Dunkin Donuts, Oreilly Auto Parts, Dollar General, and many other household names. Geneva plans to raise up to $25 million from accredited investors to acquire and renovate properties and extend existing leases or relet the properties with higher and better users.
"This is an opportunity for our investors to spread their risk over many national brands that have been battle-tested during black swan events," said Jarred Elmar, Managing Partner of Geneva.
With an impeccable track record spanning well over a decade, Geneva's extensive retail experience is unrivaled in the market. Geneva has cultivated many retail and merchant developer relationships over the years which gives them an edge in executing its proven strategy in this space.
The fund's strategy will involve the acquisition of on and off-market assets owned by non-institutional owners located in growth economies. Competitive buyers in this space tend to focus more on the creditworthiness of the lessee and less on the actual real estate. Geneva's focus will be centered around the fundamental real estate and less concerned with the remaining term of the existing leases. This strategy offers an additional hedge against an inflationary environment by having built-in rent escalations as well as the ability to relet spaces at higher rental rates.
"Every national tenant has a set of location parameters they won't typically deviate from," said Elmar. "Geneva understands their philosophy and can take advantage of mispricing due to the perception of higher risk caused by shorter-term leases. Individuals who are looking for a steady income stream from tangible investments can invest a minimum of $200,000. They will own a piece of many recession-resistant assets while benefiting from strong quarterly cash flows, tax advantages, leverage, price appreciation, and an increase in institutional demand for these asset types."
As a result of a seasoned acquisitions team and long-standing relationship with national and regional names such as the ones mentioned above, as well as preferred developers, Geneva currently has a robust pipeline of such opportunities.
The fund is targeting annualized returns of 9-12%.
Additional information on the Geneva National Credit Income Fund I, L.P. may be found at https://www.genevagp.com.
Contact: Shari Derienz
Source: The Geneva Group