Axia Real Assets launches essential net-lease platform in partnership with Blueprint Forest

Axia Real Assets’ new essential net-lease platform in partnership with Blueprint Forest has closed the acquisition of three single-tenant properties for $25.5 million.

“Highlights of the portfolio acquisition include approximately 10 years of lease term that is backed by investment-grade credit tenant, Shoppers Drug Mart,” said Darrell Shipp, partner at Axia Real Assets. “The portfolio generates an outsized yield with long-term, visible cash flow. In addition, contractual increases in rent protect against inflation as does owning a high-quality portfolio of real estate on top of 5.6 acres of land in prime last-mile locations.”

“The properties are strategically positioned, proximate to the end consumer and are critical in supplying essential services on a daily basis,” added, Kai Lam, co-founder and managing partner at Blueprint Forest. “We remain focused on growing the essential net-lease platform beyond this first acquisition.”