Our portfolio is diversified by tenant, property type, industry and geography, and has an average remaining lease term of 9+ years. Our portfolio’s highlights include credit quality of tenants, diversification, duration of leases and net lease structure.
PORTFOLIO OVERVIEW
Properties
158
Square Footage
7 MILLION SF
Occupancy1
99.9%
Average Remaining Lease Term2
9.3 YEARS
Investment Grade Tenancy3
51.4%
Number of Tenants
70
Number of States
30
Number of Industries
30
Average Property Age
10.3 YEARS4
Annualized Base Rent
$64.8 MILLION
Portfolio data as of 6/30/2022
- Weighted by SF.
- Weighted by ABR.
- Tenant or lease guarantor has an investment grade credit rating from a major rating agency or has an obligation that has been so rated. An investment grade credit rating refers to a published long‑term credit rating of Baa3/BBB– or above from one or both of Moody’s Investors Service, Inc. and Standard & Poor’s Ratings Services. This percentage is weighted by ABR.
- Based on the later of year built or year of last renovation and weighted by ABR. Note: Property type composition by Base Rent. Portfolio data as of June 30, 2022.
TOP 10 TENANTS
Based on % current rent
Acquisition Criteria
Four Springs Capital Trust has an established track record of acquiring single‑tenant net leased properties.
We are a credible and active buyer that responds quickly, moves professionally through due diligence to closing and is an all‑ cash purchaser. Below is an outline of our general acquisition criteria. Please contact us with acquisition opportunities that meet our criteria.
Four Springs Capital Trust’s Acquisition Approach
Acquisition Criteria
Property Type:
Single Tenant ‑ Industrial/Warehouse, Medical/Office, Retail
Lease Type:
Triple Net, Double Net and Bond Leases
Lease Term:
10 years or longer
Tenant Credit:
Investment and sub‑investment grade. We will consider private companies that have strong balance sheets and operating history.
Location:
Nationwide
Development:
We will commit to acquire built‑to‑suit properties that are in the development process. We offer development financing for select built‑to‑suit projects.
Price/Size:
$5,000,000 to $100,000,000
Developer Partnership Program
In our Developer Partnership Program (DPP), we partner with developers of single tenant net lease properties across the United States and leverage our development experience and access capital to enable developers increased certainty of execution and grow their pipelines.
Four Springs provides a complete solution to developers of single tenant net lease properties – funding up to 100% of development costs (including loan guarantees) and committing to forward purchases.
With Four Springs as a partner, developers can remove their capital constraints and grow their pipelines. In addition, Four Springs’ support and backing can enhance a developer’s credibility and allow them to expand their existing, and cultivate new, tenant relationships.
Benefits to
Developers
- Access to institutional capital
- Competitive financing rates
- Commitment to forward purchase
- Increased certainty to close
- Leverage FSCT’s development experience and expertise
To request funding,
developers must
meet the following
criteria
- Single tenant net leased
- Investment grade or other creditworthy tenant
- Industrial/Warehouse, Medical/Office, or Retail Property
- $5 million to $100 million project cost
- Executed lease for 10+ years