Another brick in the wall
LCP Group announced a $50 million joint venture with funds managed by Oaktree Capital Management intended to target high-quality, net-leased early education properties in select U.S. growth markets, continuing LCP’s proven strategy of acquiring triple-net (NNN) leased centers operated by established early education providers.
Based in White Plains, NY, LCP Group and its affiliated entities have acquired thirty-four (34) early education centers, with nine (9) successful exits completed, since 2021.
Oaktree holds previous net lease involvement, having provided the institutional seed equity for STORE Capital back in 2011.
Select deals listed on LCP Group website
Reporting caboose
Frontview REIT (NYSE: FVR) and Modiv Industrial (NYSE: MDV) wrapped up net lease-focused listed REIT earnings disclosures for 3Q2025. See below for detailed tear sheets.
Five-bagger?
LXP Industrial (NYSE: LXP) common equity shareholders logging into brokerage accounts on Veterans Day may have jumped out of their chair in excitement seeing a $48 share price. Jubilation quickly dissipated at realization the REIT completed a 1-for-5 reverse stock split, meaning the market capitalization and shareholder’s position was unchanged as the outstanding share count was trimmed from ~300 million shares to ~60 million.
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