Retail Grocery Chain Signs Long Term Lease for First of Ten Planned Locations with LIG Assets and Texas Real Estate Hedge Fund, LP
DALLAS, Jan. 8, 2013 /PRNewswire/ -- LIG Assets, Inc. (OTCPK: LIGA) and Texas Real Estate Hedge Fund, LP have successfully executed a 16 year lease with a 4 year option for a total 20 year term on the first of ten planned locations with the new premium Terry's Supermarket concept. The initial location covers a 61,000 square foot building on 4.22 acres located in Carrollton, Texas and was purchased by LIG Assets for $3 million. This and future leases are projected to produce double digit cash on cash returns under a triple NNN Leasehold structure.
A location for the second premium Terry's Supermarket has been targeted. This particular tenant is viewed as high quality and conservative in nature given its successful chain of grocery stores since 1995 with operations in Texas and Oklahoma.
In the coming weeks, LIG Assets, Texas Real Estate Hedge Fund and MMR Realty Advisors (The Strategic Alliance) plan to provide substantive updates and news on additional deal flow. The Strategic Alliance aims to replicate similar deal structures as the initial transaction in an effort to generate and yield above market returns.
About Texas Real Estate Hedge Fund, LP (TREHF)
TREHF is a registered investment fund originated in 2005 for the acquisition of opportunistic asset-base joint ventures in a variety of real estate based transactions with insurance companies and institutional investors in Texas. This registered entity is governed by the Texas Exempt Registration rule 505 of the SEC. Only investors and participants (entities) having a network of $1 million or greater can legally invest. Primary assets targeted will be real estate within the State of Texas. TREHF investment goals are to provide annual cash on cash returns competitive to comparable market rate investments. MMR Realty Advisors manages and advises TREHF on its investment parameters.
About LIG Assets, Inc.
LIG Assets, Inc., based in Dallas, TX, is a multi-faceted worldwide investment company that focuses on real estate, oil and gas, technology, and entertainment. LIG Assets, Inc. trades on the pink sheets under the ticker symbol "LIGA".
For additional information, please visit LIG Assets corporate website: www.ligassetsinc.net.
This press release may contain forward-looking statements. The words "believe," "expect," "should," "intend," "estimate," "projects," variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company's current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company's filings, which are on file with the U.S. Securities and Exchange Commission (SEC).
LIG Assets, Inc.
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