{"id":1004483449,"date":"2020-10-08T02:00:19","date_gmt":"2020-10-08T10:00:19","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004483449"},"modified":"2020-10-08T03:42:23","modified_gmt":"2020-10-08T11:42:23","slug":"rw-holdings-nnn-outsources-management-of-2-4-msf-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/rw-holdings-nnn-outsources-management-of-2-4-msf-portfolio\/","title":{"rendered":"RW Holdings NNN Outsources Management of 2.4 MSF Portfolio"},"content":{"rendered":"
\"Aaron<\/a>

Aaron Halfacre, CEO, RW Holdings NNN. Image courtesy of RW Holdings NNN<\/em><\/p><\/div>\n

In a move to better focus its business model, RW Holdings NNN REIT will outsource the property accounting and management responsibilities of its 2.4 million-square-foot portfolio to Colliers International.<\/p>\n

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READ ALSO<\/strong>: Net Lease Cap Rates Fall to All-Time Low in Q3: Report<\/a><\/p>\n

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The agreement will place a Colliers team in charge of the day-to-day management of the REIT\u2019s properties,<\/a> while working closely with the REIT. With some duties freed up, NNN can focus on strategic asset management and corporate level accounting functions.<\/p>\n

The dedicated Colliers team will manage NNN\u2019s portfolio of 42 properties consisting of 16 retail locations, 14 office assets and 12 industrial buildings. NNN\u2019s portfolio revolves around single-tenant, income-producing properties in the U.S. that are leased to creditworthy tenants under long-term net leases. The portfolio is spread throughout 14 states and its tenants include Costco, 3M, Dollar General, Walgreens, Gap, Harley Davidson and William Sonoma. The REIT\u2019s portfolio also includes a 162,714-square-foot creative office and warehouse space<\/a> in Chandler, Ariz. that was acquired for $26.5 million in January 2018.<\/p>\n

Consolidation versus closing down<\/h2>\n

Aaron Halfacre, CEO of NNN, said in prepared remarks that some of the company\u2019s duties were better handled by an outsourced party so that the REIT could focus on its main goals. Halfacre told Commercial Property Executive<\/em> that NNN has competitive advantages in several areas, including mergers and acquisitions, regulatory reporting and strategic asset management.<\/p>\n

\u201cToo often, smaller real estate companies, such as ourselves, have a seemingly egoistic desire to be vertically integrated when in reality the result doesn’t always match the highest and best use of finite resources,\u201d Halfacre told CPE<\/em>. \u201cPhilosophically, we have tooled ourselves to be more like your traditional private equity shop whereby a smaller team of domain experts, existing within a relatively flat organization, intently focused on the execution of financial goals.\u201d<\/p>\n

Halfacre also told CPE<\/em> that he expects more consolidation in the industry, particularly with venture-backed crowdfunding platforms that will seriously consider consolidation instead of closing down.<\/p>\n

\u201cWithin the non-traded REIT space we have already started to see consolidation and I personally think this trend continues given that there are more than 50 vehicles out there which are no longer actively raising sufficient sums of capital,\u201d Halfacre told CPE<\/em>. \u201cWithin the real estate crowdfunding arena, subsequent or follow-on VC rounds are proving harder to come by and at the same time many of these platforms are hitting a plateau in their growth projections before they have been able to right-size their business model economics.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The REIT has selected Colliers International to oversee all property-level operations at 42 assets spread throughout 14 states.<\/p>\n","protected":false},"author":883,"featured_media":1004483479,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,23891,21742,21785],"tags":[50413,32763,35534,38940],"class_list":["post-1004483449","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-national","category-latest","category-property-management","tag-aaron-halfacre","tag-colliers-international","tag-real-estate-crowdfunding","tag-rich-uncles"],"acf":[],"yoast_head":"\nRW Holdings NNN Outsources Management of 2.4 MSF Portfolio - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/rw-holdings-nnn-outsources-management-of-2-4-msf-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RW Holdings NNN Outsources Management of 2.4 MSF Portfolio\" \/>\n<meta property=\"og:description\" content=\"The REIT has selected Colliers International to oversee all property-level operations at 42 assets spread throughout 14 states.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/rw-holdings-nnn-outsources-management-of-2-4-msf-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-08T10:00:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-10-08T11:42:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Aaron-Halfacre.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jackson Chen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rw-holdings-nnn-outsources-management-of-2-4-msf-portfolio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/rw-holdings-nnn-outsources-management-of-2-4-msf-portfolio\/\",\"name\":\"RW Holdings NNN Outsources Management of 2.4 MSF Portfolio - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rw-holdings-nnn-outsources-management-of-2-4-msf-portfolio\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rw-holdings-nnn-outsources-management-of-2-4-msf-portfolio\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Aaron-Halfacre.jpg\",\"datePublished\":\"2020-10-08T10:00:19+00:00\",\"dateModified\":\"2020-10-08T11:42:23+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/8d4607aca26f3427c49fe54ddc82ddf1\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rw-holdings-nnn-outsources-management-of-2-4-msf-portfolio\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/rw-holdings-nnn-outsources-management-of-2-4-msf-portfolio\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rw-holdings-nnn-outsources-management-of-2-4-msf-portfolio\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Aaron-Halfacre.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Aaron-Halfacre.jpg\",\"width\":800,\"height\":620,\"caption\":\"Aaron Halfacre, CEO, RW Holdings NNN. 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