Michael Kron acquires Newport Beach–based NNN Investment Fund

Michael Kron acquired a majority interest in Newport Beach–based Guardian Advisory.

The boutique real estate investment company controls and will operate a series of investment funds starting with Guardian Net Lease Fund I.

The fund is a retail-focused investment vehicle targeting up to $100 million in equity to reach $250 million in property buying power. It will acquire properties occupied by Fortune 500, single-tenant, net-leased companies such as Walgreens, CVS, 7-Eleven and O’Reilly Automotive.

Kron serves as COO of a family-owned business with a portfolio of more than 13,000 multifamily units in Arizona and Texas. He brings experience spanning more than $3 billion in property transactions. Kron has spearheaded the land acquisition and construction of more than 3,000 apartment units, while simultaneously overseeing the day-to-day operations of the portfolio, including the acquisition and financing of new properties, and disposition of projects