Rick Ross, Senior Director at The Net Lease Group, started with the company in 2016, bringing with him 30 years’ commercial real estate experience. Rick specializes in capital and transactional advisory services.
As an architecture student attending Syracuse University, Rick drew inspiration from Atlanta architect John Portman’s development successes. After graduation, he focused on real estate and development, determined to apply his knowledge and skills outside professional practice. Starting out as an architectural consultant for a large building products manufacturer, Rick soon found an opportunity to work for a national commercial real estate services company in Atlanta. Since then, he has worked in almost every facet of the commercial real estate business both as a principal and an advisor.
Rick takes considerable pride working as a team with his colleagues to advance NLG’s clients’ business interests. He most values the close working environment the firm’s founders have fostered that encourages a synergism, which allows him to achieve more as a team member than he could individually.
When not working, you can find Rick in his workshop building furniture, in the kitchen pursuing his passion for cooking, out in the yard gardening, or on the river fly-fishing. Rick and his wife, Jeannie, devote much of their time to urban ministry through Midtown Mission Church and City of Refuge. They have two married children and a daughter still in college.
When asked to define success, Rick responded: “Success is not so much a thing, but a journey, so, living daily in such a way as to affirmatively impact the world around me. Leave a mark.”
The NLG team is proud to highlight Rick and his contributions to NLG this month.
Fultondale, AL – The Net Lease Group (NLG) arranged a $4.2 million, fixed-rate, non-recourse, bank loan for the Hampton Inn located in Fultondale, AL. The loan was arranged by NLG’s Troy Ellis (Director) and Philip Wickstrom (Managing Principal) on behalf of the hotel’s owner. The hotel is located adjacent to I-65 in an in-fill commercial corridor just six miles north of downtown Birmingham, AL. The hotel is in excellent condition with strong operating metrics and the refinancing was well received by lenders with quotes from banks and conduits.
Ottumwa, IA – The Net Lease Group (NLG) has brokered the sale of 2453 North Court, a 47,800 square-foot grocery supermarket in Ottumwa, IA. Esmael Hill, Managing Principal of NLG, arranged the transaction on behalf of Inland Real Estate Investment Corporation, an investment arm of The Inland Real Estate Group of Companies. The property was acquired by Agree Realty Corporation for $7 million.
The 3.87 acre property is located 3 miles north of the downtown Ottumwa on the corner of Interstate 63 and North Court Street. The facility is net-leased to Hy-Vee, a large employee-owned chain of grocery stores and drugstores operating throughout the Midwest in eight states.
Savannah, GA – The Net Lease Group (NLG) arranged the sale of 590 Northport Parkway, an 832,000 square-foot warehouse and distribution facility in Savannah, GA. Esmael Hill, Managing Principal of NLG, arranged the transaction on behalf of Clayco Realty Group (CRG), the real estate development arm of Clayco. The property was acquired by Monmouth Real Estate Investment Corporation for $57.5 million.
The facility is situated on 62.4 acres within the Northport Commerce Center, roughly seven miles from the Port of Savannah. The property is net-leased to Shaw Industries and will serve the expanding operations of Shaw in the Savannah area. Shaw, headquartered in Dalton, GA, is one of the largest flooring manufacturers in the world supplying carpet, resilient, hardwood, laminate, tile and stone flooring to residential and commercial markets worldwide.
The Net Lease Group recently sold two newly constructed Flowers Foods Bakery Distribution Centers located in Sunnyvale, TX and Tifton, GA. Both properties traded at cap rates in the high 6’s, and were sold at construction completion to experienced, private real estate investors seeking to place capital in long term net lease investments with stable, predictable cash flow.
Neither transaction was part of a tax motivated exchange. The Net Lease Group leads the nation in the sale of Flowers Foods assets. To learn about available Flowers Foods acquisition opportunities, please contact The Net Lease Group at email@example.com … we will be glad to assist you with your needs.
As of June 2017, The Net Lease Group has successfully sold over $130 million in zero cash flow Walgreens and CVS properties totaling 30 properties sold to a diversified buying universe of developers, REIT’s, funds, and high net worth individuals.
The Net Lease Group’s knowledge and expertise in structuring and transacting zero cash flow opportunities enables us to provide valuable insights, recommendations and services to our clients (sellers) as well as investors (from first-time buyers to seasoned professionals).
To learn more about zero cash flow properties, please contact The Net Lease Group at firstname.lastname@example.org.
The Net Lease Group (“NLG”) has been engaged to exclusively market a master leased portfolio of full-service convenience store properties located across Eastern Tennessee. The 30-property master lease features a new 15-year term with annual rent escalations guaranteed by a nationally recognized, publicly traded convenience store operator. The properties may be acquired as a portfolio only. Click here to learn more about this excellent investment opportunity, please contact The Net Lease Group at email@example.com.