NEW YORK, Jan. 28, 2019 /PRNewswire/ -- Rodin Global Property Trust, Inc. ("Rodin Global"), a real estate investment trust sponsored by Cantor Fitzgerald Investors, LLC ("CFI"), a leading sponsor of real estate investment management products, announced that it invested $24.4 million ("the Investments") in the financing for a sale-leaseback transaction of two dry bulk/cold storage distribution facilities. Each property is 100% leased to a large supermarket chain in North America. The facilities total 3.3 million square feet of prime freezer, cooler, and dry storage space.
The Investments were made as mezzanine debt and preferred equity to affiliates of USRA Net Lease III Capital Corp., a private REIT sponsored by U.S. Realty Advisors, LLC ("USRA"). Founded in 1989, USRA is a privately held financial services firm specializing in net lease real estate investment and advisory services. USRA has completed over $4.6 billion of sale-leaseback, leveraged lease, recapitalization and structured credit-based real estate transactions and currently has assets under management exceeding $2.5 billion.
"The distribution and cold storage sector is experiencing substantial growth and is crucial to the success of traditional and e-commerce-based grocery businesses. Each property is strategically located to serve its respective market and both physical store and direct-to-consumer channels. We are pleased to have had the opportunity to invest in this transaction," says Roger Shreero, Managing Director, Cantor Fitzgerald.
"USRA is a strong real estate sponsor with a solid track record spanning nearly 30 years. Our existing relationship with USRA allowed us to partner with them on this transaction and demonstrates our continued access and commitment to investing in strategically located income-producing real estate," added Ken Carpenter, Managing Director, Cantor Fitzgerald and President of Rodin Global.
CFI and its affiliates have completed more than $10 billion of commercial real estate acquisitions and financings over the past 18 months.
About Cantor Fitzgerald
Cantor Fitzgerald, a leading global financial services group at the forefront of financial and technological innovation has been a proven and resilient leader for over 65 years. Cantor Fitzgerald & Co. is a preeminent investment bank serving more than 7000 institutional clients around the world, recognized for its strengths in fixed income and equity capital markets, investment banking, prime brokerage, and commercial real estate finance and for its global distribution platform. Cantor Fitzgerald & Co. is one of 23 primary dealers authorized to trade U.S. government securities with The Federal Reserve Bank of New York. For more information, please visit: http://www.cantor.com
About Rodin® Global Property Trust, Inc.
Rodin® Global Property Trust, Inc., intends to invest in and manage a diversified portfolio of income-producing, net-lease commercial properties located in the United States and select European countries.
Cantor Fitzgerald Investors, LLC
Cantor Fitzgerald Investors, LLC, a wholly-owned subsidiary of Cantor Fitzgerald, L.P., is a leading sponsor of real estate investment products.
SOURCE Rodin Global Property Trust, Inc.