Pontus Completes Dealership Acquisition

La Jolla, CA, March 7, 2017 (Newswire.com) - In February 2017, Pontus Capital completed(https://garmentiq.site) the last transaction in a $71 million sale-leaseback on a portfolio of six auto dealerships (Toyota, Nissan, Chrysler, Infiniti, Hyundai and VW) in California.  The closings was staggered to meet the seller’s objectives and was a part of the tenant’s recapitalization and growth initiative.

The tenant selected Pontus after exploring other avenues to recapitalize their business due to Pontus’ structural flexibility, certainty of execution and ability to meet the seller’s timeline and sales proceeds.   As a part of its purchase, Pontus provided 100% construction financing to fund the expansion and reimaging of several properties.  Scott Stokas, Partner at Pontus commented, “We are excited to complete this acquisition of a quality real estate portfolio with a growing, top tier automotive dealership group.  Here, our flexibility and ability to act quickly and customize a deal structure to our tenant’s needs, contributed to a successful outcome and a favorable long-term solution for our tenant.  A solution that allowed the tenant to grow their business and to fortify their balance sheet at the same time.”  The dealerships are located in California and are 100% leased under a long term, triple net master lease agreement.

We are excited to complete this acquisition of a quality real estate portfolio with a growing, top tier automotive dealership group. Scott Stokas PartnerPontus Capital opportunistically invests in and manages real estate secured investments on behalf of its private and institutional investors including in its growing net lease property strategy.  As principals, the Pontus management team has acquired over $4 billion of net leased assets nationwide.  To learn more about Pontus Capital and its sale-leaseback capabilities.

Scott Stokas

Partner

Source: Pontus Capital

评论

发表评论

此博客中的热门博文

200 Hour Nights & Weekends Yoga Teacher Training for Those Who Work, Have Families, and Live Busy Lives

Encinitas, CA, July 21, 2015 (Newswire.com) - 200 Hour Nights and Weekends ​Hatha Yoga Teacher Training Certification, Soul of Yoga Institute, 627 Encinitas, Ca, 760-943-7685, Save $400 Early Registration by August 21st, and Learn More. Training starts October 1st, 2015. To find out about The Soul of Yoga Institutes  easy and affordable ( https://tiyong.top ) payment options call Dawn, Program Specialist at 760-271-7001 or email Sundara@soulofyoga.com. Learn & Apply To Real Life The Soul of Yoga Institute teacher training absolutely transformed me on many levels. I came into it desperately needing clarity and healing in my life, and came out of it with a deeply renewed faith in myself and a solid sense of inner strength. This training is beyond learning to become a yoga teacher—it is about getting into the heart, truly healing and reconnecting with our Divine Essence, and learning to lead a life of love and devotion. Certified Yoga Teacher Graduate of The Soul Of
阅读全文

Legit Events and Solutions Travels to Industry Event

SAN DIEGO, CA , August 25, 2017 (Newswire.com) - Legit Events and Solutions’ Owner and two team members will travel to Dallas, Texas to attend industry conference. Working with Legit Events and Solutions means there are many opportunities to travel. Team members ( https://fb-marketplace-sales.site ) are on the road to regional training and workshops, traveling across the country to industry events, going to offices in different markets to get hands-on experience, and attending exotic retreats. "When someone shows potential, we want to support them and help them move their career forward along a positive path." Luis OwnerThe Owner of Legit Events and Solutions, Luis, and two team members, Lori and Marinela, will be traveling to Dallas, Texas to attend a major industry event. “I believe taking team members to these conferences is a benefit to both them and to our office as a whole. They’ll take in a lot of different ideas and training that I won’t, so we can
阅读全文

Romanucci & Blandin, LLC, Titolo Law Office and the Law Offices of Conrad J. Benedetto Retained by Las Vegas Mass Shooting Victims

Chicago, IL , October 16, 2017 (Newswire.com) - Attorneys from Romanucci & Blandin, LLC, Titolo Law Office, and The Law Offices of Conrad J. Benedetto announced ( https://nyadobe.online ) today they have been retained to represent victims of the mass shooting at the Route 91 Festival in Las Vegas on Oct. 1. Attorneys from Romanucci & Blandin, LLC, and The Law Offices of Conrad J. Benedetto are also currently representing a majority of the plaintiffs in the mass shootings that occurred at Pulse Nightclub in Orlando and Power Ultra Lounge in Little Rock, Arkansas. As we delve into our investigations over the next several months, our top priority is to support the victims and their families as we seek to institute real reforms to save lives in the future. Romanucci & Blandin, LLC“As we delve into our investigations over the next several months, our top priority is to support the victims and their families as we seek to institute real reforms to save lives in the futu
阅读全文