BOCA
RATON, Fla., June 5, 2024
/PRNewswire/ -- Baum Family Investments (BFI) is pleased to
announce the successful acquisition of two prime single-tenant net
leased properties. The properties are leased to blue-chip tenants
Chase Bank under net leases with a long operating history at
both sites. These strategic acquisitions, valued at over
$5,000,000, were completed with
cash.
The properties are in two major Midwest metro markets, both
offering strategic business advantages. The Chase Bank at 260 John
R Road in Troy, Michigan, is
situated in a major business and shopping destination with a strong
corporate presence and excellent infrastructure. The FedEx facility
at 2578 Corporate Place in Miamisburg,
Ohio, benefits from its strategic location near Dayton, providing excellent logistics and
transportation access. These acquisitions underscore Baum Family
Investments' commitment to reaching $250
million in acquisitions by the end of 2025.
"We are extremely pleased with our most recent acquisitions,
which showcase our ability to source high-quality net leased
investments at attractive prices in an ever-changing marketplace,"
said Aaron Baum, Managing Partner
and Founder of Baum Family Investments.
Both investments align with BFI's core mission: to acquire
assets with predictable income, strong unit-level economics, and
above-market yields. BFI, a commercial real estate investment fund
based in Boca Raton, Florida,
focuses on credit net leased investments throughout the US. The
firm currently has a robust pipeline with over $75 million in acquisitions for the next two
quarters.
BFI's diverse group of partners and investors includes family
offices, entrepreneurs, high-net-worth individuals, and successful
small business owners from across the country. Since its inception,
the founders of Baum Family Investments have acquired over
$200 million in real estate
investments and plan to continue this successful strategy in the
future.
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SOURCE Baum Family Investments