Arzan Wealth advises on acquisition of Grade A Single-Tenant Portfolio in USA
Source: Arzan Wealth , Author: Posted by BI-ME staff
Posted: Tue July 4, 2017 11:30 am

UAE.(ME NewsWire)- Arzan Wealth (DIFC) Limited (‘Arzan Wealth’), a Dubai-based advisory firm regulated by the Dubai Financial Services Authority, is pleased to announce that it has advised on the acquisition of a Grade A, Single-Tenant Portfolio in the US.

The Portfolio consists of 6 single-tenant net-leased buildings with a total of 760,533 sq ft, located in 6 states in the US. The average lease length of the Portfolio is 13.5 years with no expirations during the projected holding period. The assets within the Portfolio are predominantly utilized as corporate headquarters or major operational facilities that are mission critical to the tenants.

The Portfolio is sectorally diversified as it includes 1 healthcare, 3 industrial, and 2 office assets, with tenants that enjoy strong credit ratings and reputations in their markets. For example, Siemens, Owens Corning and a unit of Schlumberger are all represented in the Portfolio.

Arzan Wealth acted as the Strategic Advisor on the structuring and acquisition of the Property, and will continue in this role during the holding period of this investment, which is projected to deliver monthly income to clients equal to 8.5% per annum.

Muhannad Abulhasan, CEO of Arzan Wealth said: “We are pleased to be able to advise our clients on this second acquisition of 2017. Our prudent and cautious philosophy is demonstrated in the reduced risk of this deal, which provides income that is diversified across multiple tenants in different sectors of the economy. 

"We feel confident that the acquisition price will allow investors to enjoy a safe and secure monthly income stream at a level that is attractive relative to the high credit ratings of the tenants in the portfolio. We are proud of the trust that is being placed in Arzan Wealth by our clients, and we look forward to delivering on our promises to them in future. The primary objective of Arzan Wealth is to preserve and protect the wealth of our clients, while producing an attractive and predictable monthly income.”

About Arzan Wealth (DIFC) Limited
Arzan Wealth is an investment advisory firm registered at the Dubai International Financial Centre (DIFC), and is regulated by the Dubai Financial Services Authority (DFSA).  Arzan Wealth currently advises various professional clients on real estate, private equity and other investments with a total value of assets advised around US$ 1.25 Billion.  Arzan Wealth focuses on arranging yielding investments in major global markets, as well as bespoke investments that meet the requirements of specific clients.

 

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