Loci Capital leads preferred equity investments in 21-asset portfolio

Funds controlled by Loci Fund II GP, an affiliate of Loci Capital Group, a private real estate fund manager, completed a preferred equity investment for the acquisition & recapitalization of a 21-asset retail and commercial net lease portfolio. The portfolio will be managed by Generation Income Properties.

“This investment is a great example of the type of access we provide our investors in what is a difficult market to get deals closed,” said Michael Phillips, CEO and co-founder of Loci Capital. “The cost basis, underlying cash flow of the portfolio, and strength of the tenant base combine to create a wide margin of safety for our investors. Combined with world-class sponsorship, we think this is a great first deal for our Fund II investors.”

The investment was made concurrent with GIPR’s acquisition of a portfolio of 13 net lease assets from Modiv Industrial, an internally managed net lease industrial manufacturing REIT. The high-quality portfolio is co