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Volume 5 - Number 6 | March 20, 2007

TOP STORY: Consortium To Take SFC Private, But Door Open to Other Bids
By Michelle Napoli
A consortium of investors led by Australia’s Macquarie Bank Ltd. and Kaupthing Bank hf of Iceland has agreed to buy single-tenant property REIT Spirit Finance Corp. in a $3.5-billion deal.

AIC Launches $300M Net Lease Fund
By Michelle Napoli
Locally based AIC Ventures LP, which targets sale-leasebacks with middle-market companies, has begun buying assets for its latest real estate investment trust, NL Ventures VI LP.

Insider: NAI BT Commercial’s Michael Maffia
By Michelle Napoli
NET LEASE forum recently spoke to Michael Maffia, San Francisco-based SVP and partner in the leased investment group of NAI BT Commercial. The firm handles between $400 million and $500 million of net lease property sales annually.

AFR To Sell Fireman’s Fund HQ
By Michelle Napoli
American Financial Realty Trust is in contract to sell the Fireman’s Fund Insurance Co. headquarters property in Novato, CA for more than $310 million. The buyer was not named but is described as a California-based private real estate investment group.

Data Points: Single-Tenant Office Market Stats


Short Takes: KKR To Buy Dollar General in $7.3B Deal


Recent Transactions: Accor Closes More Hotel Sale-Leasebacks


Ratings Update: More Actions on CVS Following Increased Caremark Offer



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