PORTFOLIO

Our portfolio is diversified by tenant, property type, industry and geography, and has an average remaining lease term in excess of 10 years. Our portfolio’s highlights include credit quality of tenants, diversification, duration of leases and net lease structure.

PORTFOLIO OVERVIEW

FSC Trust Portfolio Breakdown

Properties:

97

Square Footage:

2.6 MILLION SF

Occupancy:

100%

Average Remaining Lease Term1:

10+ YEARS2

Investment Grade Tenancy3

44%

Number of Tenants

45

Number of States

28

Number of Industries

32

Average Property Age:

11 YEARS4

Annualized Base Rent

$29.4 MILLION

Leverage:

44%

Portfolio data as of 6/30/2020
  1. Weighted by ABR.
  2. Excludes the company’s property in Lebanon, IN that was leased on a month-to-month basis in anticipation of the commencement of a longer term lease on July 1. Though we consolidate this property in our financial statements in accordance with GAAP, we only owned a 10% therein through a joint venture as of May 31. On a pro rata basis, this property contributes less than 1% of our pro rata share of rental revenue. On June 1, 2020 this property was incorporated into the REIT portfolio and the REIT now owns 100%.
  3. 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.
  4. 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, 2020.

TOP 10 TENANTS

Based on % current rent
Caliber Collision Logo
Fresenius Medical Care Logo

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 $25,000,000 (single asset)‑up to $100,000,000+ (portfolios)

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
  • $1 million to $25 million project cost
  • Executed lease for 10+ years

Want to learn more?