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Four Springs Capital Trust Secures Investment from Goldman Sachs’ Vintage Funds

Four Springs Capital Trust, a Regulation D real estate investment trust, has received a $50 million strategic preferred investment from Goldman Sachs’ Vintage Funds.

Four Springs Capital Trust, a Regulation D real estate investment trust, has received a $50 million strategic preferred investment from Goldman Sachs’ Vintage Funds.

As of December 31, 2020, Four Springs Capital Trust owned a $510 million portfolio of 101 properties leased to 49 tenants in 28 states comprising more than 3.6 million square feet.

The REIT intends to utilize the investment to provide liquidity to an existing investor and continue to grow its real estate portfolio while evaluating additional strategic alternatives in the capital markets.

“Coming out of the COVID-19 crisis, investors of all types are recognizing the value of a portfolio diversified not only by tenant, industry and geography, but also by property type,” said William Dioguardi, chief executive officer of Four Springs Capital Trust. “We believe this approach differentiates us from many other net lease REITs and further reduces risk while enhancing cash flow stability.”

Goldman Sachs’ vintage funds are private equity secondaries funds that have raised more than $40 billion in committed capital since inception in 1998. Its eighth fund, Vintage VIII, closed in November 2020 with $10 billion of external capital commitments, exceeding its $7 billion target.

“Four Springs Capital Trust is a late-stage private company with a strong management team that is focused on building a portfolio of defensive, income-producing net leased real estate,” said Sean Brenan, Managing Director at Goldman Sachs. “We see the opportunity for growth and durable income from their platform and are excited to be an investment partner.”

Four Springs Capital Trust is a private real estate investment trust that owns and operates a portfolio of industrial, medical and necessity retail properties net leased to investment grade and other creditworthy tenants under long-term leases.

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