TransAtlantic Capital To Target Specialized Industrial Real Estate Assets
BINGHAM FARMS, Mich., July 27, 2017 /PRNewswire/ -- TransAtlantic Capital, Inc. (TACI) announces a new acquisition sector for the publicly traded company. Chief Executive Officer, Joshua Griggs announced the intent to begin sale-leaseback transactions in the licensed Medical-use cannabis industry. "Our investment model has always focused on Fortune 500 real estate. Today, medical marijuana is nearly a $7 billion industry, with 29 states and the District of Columbia allowing their citizens to use medical cannabis and more states are expected to support legalization. We plan to be capital providers for state licensed medical cannabis facilities," says Joshua Griggs.
TACI plans to acquire industrial real estate assets used for cultivating and processing Medical-use cannabis, and operated by state-licensed growers. The Triple-Net lease arrangements with tenants are long-term (15+ years) where the tenant is responsible for maintenance, taxes, insurance, and structural repairs, in addition to base rent. "By selling the real estate and facilities to us, and then leasing it back from us, growers can use the proceeds to improve operations, allowing higher profits than they would by owning the real estate," Says Griggs.
ABOUT TRANSATLANTIC CAPITAL, INC.
TransAtlantic Capital, Inc. is a publicly listed real estate operating company trading on the OTCBB. Stock information is TransAtlantic Capital, Inc.: OTCBB TACI. For more in-depth information visit: http://www.transcapinc.com/
TRANSATLANTIC CAPICAL INC. FORWARD-LOOKING STATEMENTS
This press release contains statements that the Company believes to be "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than historical facts, including, without limitation, statements regarding the consummation of sale-leaseback transactions and the terms thereof, are forward-looking statements. When used in this press release, words such as we "expect," "intend," "plan," "estimate," "anticipate," "believe" or "should" or the negative thereof or similar terminology are generally intended to identify forward-looking statements. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, such statements. Investors should not place undue reliance upon forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT INFORMATION
TransAtlantic Capital, Inc.
Joshua Griggs, CEO
30100 Telegraph Road, Suite 366 Bingham Farms, Michigan 48025
Phone: (855) 279-7156
SOURCE TransAtlantic Capital, Inc.
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