PRESS RELEASES

June 14, 2016 - Capri EGM

Capri EGM Announces Acquisition of Class A Build-to-Suit Facility for Alliance Data®

Institutional quality class A build-to-suit for Alliance Data® subject to long-term net lease

CHICAGO IL, — Capri EGM, an investment company specializing in corporate sale leaseback and build-to-suit financing, and the acquisition of institutional quality single-tenant office, industrial, and retail net lease properties, announced today that it has entered into an agreement to acquire a new Class A build-to-suit office facility for Alliance Data® (NYSE: ADS), an S&P 500 Company and leading global provider of data-driven marketing and loyalty solutions serving large, consumer-based industries. The build-to-suit office facility will be leased to Alliance Data® under a long-term net lease. The purchase price for the properties was not disclosed.

The Alliance Data® office facility is strategically located between Denver and Boulder in the North Denver market of Westminster and is comprised of two Class A build-to-suit office properties.

Significant Facts

  • Industry-leading data driven marketing and loyalty solutions provider: Alliance Data® (NYSE: ADS) and its combined businesses are a leading global provider of data-driven marketing and loyalty solutions serving large, consumer-based industries. Alliance Data® creates and deploys customized solutions, enhancing the critical customer marketing experience; the result is measurably changing consumer behavior while driving business growth and profitability for some of today’s most recognizable brands. Alliance Data® helps its clients create and increase customer loyalty through solutions that engage millions of customers each day across multiple touch points using traditional, digital, mobile and emerging technologies. A $12 billion S&P 500 Company, Alliance Data® and its three businesses operate in more than 80 locations worldwide and was named to Fortune magazine’s 2014 list of World’s Most Admired Companies.
  • Build-to-suit high quality facility: The property is a two-building expansion build-to-suit office designed for Alliance Data®. The high quality facilities represent best-in-class design for their intended use and exemplify the efficiency and design requirements of today’s leading corporate users. 
  • Long-term net leases with built-in rent growth: The long-term net lease includes contractual annual increases. The combined facility is a needs-based critical use facility and one of Alliance Data’s largest facilities within the United States.

Investment Management Company Commentary
Shelby E. L. Pruett, Capri EGM’s Co-Chairman and Chief Executive Officer, commented: “This transaction with the developer of the Alliance Data® build-to-suit office facilities in the North Denver market illustrates how Capri EGM’s ability to structure build-to-suit transactions and arrange forward acquisition commitments makes us an attractive alternative source of capital for developers and market leading corporations. By unlocking value through creative structuring and capital efficiency, we are committed to building long-term value for our institutional and corporate partners. The acquisition and build-to-suit are consistent with our established strategy, providing durable cash flows, escalating annual rents, and attractive risk-adjusted returns over time and across a variety of market conditions and economic cycles. Coupled with the long-term leases and the financial strength of Alliance Data®, we believe that this acquisition and build-to-suit will be an attractive and solid addition to the Capri EGM portfolio.” 

Capri EGM
Capri EGM is a real estate investment manager focused on the net lease, sale-leaseback, and build-to-suit commercial markets, providing investment programs for institutional investors and capital solutions for corporations. A venture with Capri Investment Group, Capri EGM is headquartered in Chicago, Illinois. Since 1992, Capri and its predecessor organizations have acquired, originated, and managed over $10 billion in commercial real estate investments directly and through entity level investments. Diversified assets managed on behalf of Capri’s pension fund and other institutional investors totaled approximately $3.53 billion as of December 31, 2015. Please visit capri-egm.com for more information about Capri EGM.

This press release contains forward-looking statements within the meaning of the Federal securities laws. The comments of Mr. Pruett and statements regarding the acquisition of the Alliance Data® office facility, the characteristics of the two properties or the build-to-suit are examples of forward looking statements. This announcement does not constitute an offer to sell or a solicitation of an offer to buy any security relating to Capri EGM or any of its entities’ funds or investment vehicles. Any offer or solicitation may be made only through the delivery of a definitive Private Offering Memorandum and all information contained herein is qualified in its entirety by such Memorandum.

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Trish Hoffman

thoffman@capri.global