Newly Formed Envoy Net Lease Partners to Provide up to 100% Equity Financing for To-Be-Built Net Lease Properties

Chicago-based finance company plans to capitalize on the recovering corporate market for new real estate facilities

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Feb 02, 2012, 10:06 ET

CHICAGO, Feb. 2, 2012 /PRNewswire/ -- Envoy Net Lease Partners, LLC, a finance company that provides up to 100 percent equity financing for net lease properties, launched today to bring much-needed development capital to independent real estate developers of to-be-built and redeveloped properties in diversified markets across the U.S.

Envoy plans to invest $20 million in net lease transactions over the next 18 months.

The company fills a void in the market by meeting the needs of developers with projects in the $500,000 to $10 million range, which are often too small to interest institutional investors.

"Envoy is seeking multi-year, multi-project relationships with proven developers," says Ralph N. Cram, the company's chief operating officer. "By providing the equity developers need, we can free them up from this burdensome and time-consuming task and allow them to focus on what they do best: developing real estate and accelerating the growth of their business."

Mr. Cram has more than 25 years of experience working in real estate finance and acquisitions with a specialty in the net lease industry. In addition, Envoy's management team will be counseled by an advisory board comprised of several net lease industry veterans. Among them are: James Purinton, former president of ORIX Real Estate Properties; Ronald Max, chief operating officer at Novascent Partners LLC; and Allan Yusim, former partner in the Real Estate and Finance Practice groups at Patzik, Frank & Samotny.

"Independent developers often face the prospect of having to pull together equity capital from a variety of different sources — for each and every deal," Cram continued, "so Envoy represents a solution to a persistent problem of chasing after equity to get their deals done. For those developers, Envoy can be the only equity source they'll ever need."

Envoy Net Lease Partners

Based in greater Chicago and focused solely on providing equity capital for smaller net lease (re)development projects, Envoy Net Lease Partners, LLC, is backed by a $1 billion-plus New York money management firm and a family office with more than 50 years of retail industry experience. Envoy seeks projects anywhere in the U.S. spanning the retail, restaurant, medical, industrial and office realms. For more information, please visit www.envoynnn.com.