NEW YORK, July 27, 2022 /PRNewswire/ — Cantor Fitzgerald Income Trust, Inc. (“CF Income Trust”), an unlisted real estate investment trust and subsidiary of Cantor Fitzgerald, LP, today announced the completion of more than $118 million in real estate transactions since the start of 2022. June 30, 2022portfolio exceeds 6.9 million square feet1 with total controlled assets of $1.05 billion.2Chris MilnerChairman of CF Income Trust, said, “We have been active, so far in 2022, and continue to execute on our high conviction themes of acquiring well-located multi-family properties and net rental assets with tenants. solid.
Recent acquisitions include:
North American Headquarters – Nutley, New Jersey – Class A desk
On April 22, 2022CF Income Trust, through a joint venture with a subsidiary of Cantor Fitzgerald Investors, LLC, indirectly acquired a 10% interest in a Delaware statutory trust that purchased a 15-story Class A office tower and of 332,000 square feet located at Nutley, New Jersey. The property is leased to Eisai Inc. and serves as the North American headquarters for Eisai Co., Ltd. (“Eisai”), a Japanglobal pharmaceutical company based.
The property was recently renovated in 2021 and is designed to foster the company’s hybrid flexible working model, which allows for collaboration and interaction between colleagues. Additional features include a 405-seat auditorium, private outdoor garden and amenity area. “The property is located within the main ON3 life sciences campus, an area that will eventually include 1.4 million square feet of office/R&D/medical space, multi-family residences, retail, a hotel full service and extensive green space.” said Roger Shreero, Managing Director, Cantor Fitzgerald. “This newly refurbished, high-quality asset is a great addition to the portfolio and is a centerpiece in the growing life sciences landscapes of the Nutley and Clifton cantons. »
Landings of Conroe, Conro, TX – Several families
On April 14, 2022CF Income Trust, through a joint venture with an affiliate of CAF Management, LLC, has acquired a 200-unit multifamily building located at Conro, TX.
Built in 2005, the property features one-, two-, and three-bedroom apartment floor plans with amenities including a clubhouse, 24-hour fitness center, swimming pool, picnic area picnics and grills, a sports field, a dog park and closed access.
“The region has seen significant growth in recent years due to business expansion by ExxonMobil, HPE, HP Inc. and ABS into neighboring countries. Woods and Springwoods Village,” said Matt Keefer, Managing Director, Cantor Fitzgerald. “The demand for housing continues to increase and property is positioned to benefit from this demand.”
Mars Petcare – Columbus, Ohio – Cold store
On March 11, 2022CF Income Trust, Inc., through a wholly owned subsidiary of its operating partnership, has acquired a 465,256 square foot dry and cold storage facility at Columbus, Ohio. The property is 100% leased to Mars Petcare, US Inc., the domestic segment of Mars’ global pet care business. Located adjacent to Mars Petcare’s main production facility, the property features 168,245 square feet of freezer space, LED lighting, 30-foot headroom, 27 dock doors, two entry doors, 212 car spaces and 100 trailer spaces on a 21.6 acre lot. to place.
“We are pleased with CF Income Trust’s performance and growth,” said Jay Frank, President, Cantor Fitzgerald Asset Management. “We remain focused on adding well-located properties with predictable revenue streams to our defensively positioned portfolio. Our ability to be selective in today’s market is key to our success.”
About Cantor Fitzgerald Income Trust, Inc.
Cantor Fitzgerald Income Trust, Inc. is a publicly traded, unlisted perpetual net asset value real estate investment trust (REIT) that owns and manages a diversified portfolio of institutional-grade, income-generating commercial real estate, including apartments, industrial buildings, offices and essential shops located in the United States. For more information, please visit: cincometrust.com.
About Cantor Fitzgerald, LP
Cantor Fitzgerald, with more than 12,000 employees, is a leading global financial services group at the forefront of financial and technology innovation and has been a proven and resilient leader for over 77 years. Cantor Fitzgerald & Co. is a leading investment bank serving more than 5,000 institutional clients worldwide, recognized for its strengths in the fixed income and equity markets, investment banking , SPAC underwriting and PIPE investments, prime brokerage and commercial real estate, and for its global distribution platform. Cantor Fitzgerald & Co. is one of 24 primary dealers authorized to do business with the Federal Reserve Bank of New York. Cantor Fitzgerald is a leading SPAC sponsor, having completed several IPOs and announced several business combinations through his CF Acquisition platform. For more information, please visit: cantor.com
About Cantor Fitzgerald Investors, LLC
Cantor Fitzgerald’s real estate investment management portfolio currently includes 7,721 multi-family units in addition to more than 8.1 million square feet of office, industrial and retail space across 146 properties. Cantor Fitzgerald and its affiliates have participated in over $296 billion of total real estate transactions since 2019.
About CAF Capital
Created in 2010, CAF is a Dallas/Fort Worth real estate company specializing in the acquisition, redevelopment and management of institutional quality multi-family properties, primarily in the state of Texas. CAF currently manages 54 multi-family assets totaling over 17,000 units. For more information, please visit: cafmanagement.com.
1 Total square footage is not adjusted for CF Income Trust’s current ownership percentage.
2 Represents the gross assets controlled by CF Income Trust as set out in Post-Effective Amendment No. 2 dated July 13, 2022 and not adjusted for CF Income Trust’s current ownership percentage of any assets.
This press release contains forward-looking statements based on the beliefs, opinions and assumptions currently held by the director of CFIT. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance or achievements of CFIT to differ materially from the results, financial condition, performance or achievements expressed or implied by such statements. forward-looking statements. Given these risks, uncertainties and other factors, recipients of this press release are cautioned not to place undue reliance on these forward-looking statements. The Head of CFIT disclaims any obligation to update these forward-looking statements to reflect future events or developments or the impact of events that cannot currently be determined. In addition to statements, which are forward-looking due to context, the words “may”, “will”, “should”, “expect”, “plan”, “intend”, “anticipate”, “believes”, “estimates”, ‘predicts’, ‘potential’ or ‘continues’ and similar expressions identify forward-looking statements.
SOURCE Cantor Fitzgerald, LP