Behringer Harvard is launching a new net lease platform, and the investment manager has tapped longtime industry player Brad Watt to move the effort forward.
Watt comes to the table with 25 years of experience, having demonstrated his skill in the 1031 exchange market in executive positions with such respected real estate investment firms as Embree Capital Markets Group, American Realty Capital, Cole Real Estate Investments and CNL Income and Growth Funds. And the list goes on. His history in structuring, marketing and managing real estate investment programs involving assets totaling in excess of $4 billion.
At Behringer Harvard, Watt will concentrate on the arrangement and distribution of high-quality 1031 Delaware Statutory Trust programs, as well as certain other private real estate wealth management vehicles, with the goal of producing high levels of enhanced fixed income and tax efficiency.
Behringer Harvard's net lease program will focus on high-quality, single-tenant assets occupied by investment-grade tenants under long-term, double and triple net lease agreements.