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BLOOMFIELD HILLS, Mich., Jan. 14, 2021 /PRNewswire/ -- OFP Real Estate, LLC (a/k/a One Family Property) ("OFP") announced today that it closed on the acquisition of a net-leased investment tenanted by Walgreens Boots Alliance (NASDAQ: WBA) located in a Cleveland, Ohio metro market. The investment was acquired with a long-term lease in place, providing stable, strong, and predictable returns. This transaction marked the companies first 2021 acquisition.
One Family Property is committed to increasing investor value with long-term, stable, income-producing investments. This acquisition will increase OFP's investment in the net-lease market to more than $45,000,000 throughout five different states.
"We are pleased to announce this acquisition," said Aaron Baum, Managing Principal. "We remain focused on our investment goals set forth in the prior year and expect to exceed our $150,000,000 acquisition target by the end of 2021."
About One Family Property:
One Family Property is a real estate investment firm based in Bloomfield Hills, Michigan. The company is primarily engaged in the acquisition of properties net-leased to industry-leading, retail tenants. Last year, the company acquired more than $40,000,000 of net-leased investments. The company looks to acquire more than $250,000,000 over the next 12 – 24 months.
walgreens boots alliance is the first global pharmacy-led, health and wellbeing enterprise. the company was created through the combination of walgreens and alliance boots in december 2014, bringing together two leading companies with iconic brands, complementary geographic footprints, shared values and a heritage of trusted health care services through pharmaceutical wholesaling and community pharmacy care, dating back more than 100 years. the company employs more than 370,000* people and has a presence in more than 25* countries; it is the largest retail pharmacy, health and daily living destination in the usa and europe. including its equity method investments, walgreens boots alliance is a global leader in pharmacy-led, health and wellbeing retail with over 13,100* stores in 11* countries. the company includes one of the largest global pharmaceutical wholesale and distribution networks with over 350* distribution centers delivering to more than 200,000** pharmacies, doctors, he
View original content:http://www.prnewswire.com/news-releases/one-family-property-announces-acquisition-of-investment-property-301208856.html