NNN syndication sponsors

[Evan Loader]

Reaching out on here on who sponsors syndications with commercial NNN deals? Specifically, not limited to, NNN sale leaseback arrangements(single and multi tenant)? The only sponsor in this space I have dealt with is MAG CP.

[Joel Owens]

I am a NNN syndicator. I buy value add buildings with cash and reposition. These are often dark buildings.

My structure is ( Goal under 1 year to stabilize and 3 years to exit )

7% pref to investors once tenant in and paying money. No return until then. Split of cash flow above 7% is 50/50 with sponsor. Equity upside split 50/50 with sponsor.

These deals usually are not good for the accredited investor that needs money return right away and small equity gain on back end is okay with them. This is more for people that have tons of money and can wait for higher cash flow and usually better equity multiple once stabilized. This is not an offering just an idea of a deal structure.