September 7, 2017 - Capri EGM
Chicago, IL – September 7, 2017 – Capri EGM, an investment company specializing in corporate build-to-suit and sale leaseback financing, and the acquisition of institutional quality single-tenant office, industrial, and retail net lease properties, announced today that it has acquired a state-of-the-art mission critical facility for Novelis, the world leader in aluminum rolling and recycling and a part of Aditya Birla Group, a leading $41 billion, Fortune 500 conglomerate.
The Novelis facility is located in the heart of the Atlanta Northwest submarket near I-75 with easy access to globally connected Atlanta International Airport. The facility serves as the Global Research and Technology Center for Novelis enabling its clients around the world to perform advanced R&D functions for aluminum used for the beverage can industry, rapidly growing auto industry, and other specialty/multi-use product lines.
Investment Management Company Comments
Shelby E. L. Pruett, Capri EGM’s Co-Chairman and Chief Executive Officer, commented: “This transaction illustrates Capri EGM’s focus on identifying and owning high quality, operationally critical assets leased by leading global companies on a long-term basis in strategic markets within the United States. 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 is consistent with our established strategy, providing durable cash flows, escalating annual rents, and attractive riskadjusted returns over time and across a variety of market conditions and economic cycles. Coupled with the long-term lease and the financial strength of Novelis and Aditya Birla Group, we believe that this acquisition will be an attractive and solid addition to the Capri EGM portfolio.”
Capri EGM is a real estate investment manager focused on the build-to-suit, sale-leaseback, and net lease 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 $3.898 billion as of June 30, 2017. 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 Novelis facility or the characteristics of the property 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.
Capri EGM Media Contact:
Jeff Fisher 312-805-4850