IGRE Acquires Coterra Energy Facility
Investment Grade R.E. Income Fund, LP, a $100 million Regulation A+ fund that owns and operates a portfolio of single-tenant, triple net leased medical, office, industrial and other properties throughout the United States, has purchased a facility in New Mexico.
Investment Grade R.E. Income Fund, LP, a $100 million Regulation A+ fund that owns and operates a portfolio of single-tenant, triple net leased medical, office, industrial and other properties throughout the United States, has purchased Coterra Energy’s $7 million primary field facility in Carlsbad, New Mexico.
The Coterra property has been sold to IGRE under a 15-year triple net lease agreement with Coterra Energy’s parent company, which currently has assets of $20.6 billion.
Coterra carries an “investment grade” rating as determined by the country’s three major rating agencies: Moody’s, Fitch and S&P.
Investment Grade R.E. Income Fund is a public, non-traded SEC-qualified Regulation A+ tier 2 real estate investment company that owns and operates a portfolio of medical, office and industrial net leased properties. The fund was qualified by the SEC in July 2020.
