MRI Maximum Leverage Program

Program Overview

Through its sale leaseback program, Meridian Realty Investments (MRI) acquires net lease assets from both public and private company sellers. The program:

provides capital to corporate users that can redeploy the proceeds from the sale to create more value in their core business; and
provides financing for private equity firms pursuing buyout transactions.

Assets Acquired

MRI seeks to acquire both larger individual assets and portfolios of smaller assets. Property types acquired include office, industrial and retail. Single asset acquisitions typically have a number of the following characteristics:

Asset values greater than $25 million
Purchase cap rates of 7.0% or higher
20-year lease terms
Average annual rent increases of at least 2%
True triple net lease structures
Credit worthy tenants
Well located real estate
Assets that are not special purpose facilities
In place rents that are not significantly above market levels

Portfolio acquisitions share many of the above characteristics. Additional characteristics include:

Individual property prices that are generally less than $3 million
15-year lease terms
Relatively small portfolios (less than 50 properties)

For more information about our sale leaseback program, please download our program brochure, or contact us.