Proterra Investment Partners Hires David Kay to Lead Net Lease Real Estate Business
Proterra Investment Partners has appointed David Kay as Managing Director to co-head their new net lease real estate business initiative. Kay, previously the Founder and Managing Partner of Jera Partners ($800M AUM), brings extensive experience from his roles as President and CEO of American Realty Capital Properties (later VEREIT) and as co-founder and executive at Capital Automotive REIT, managing over $30B in assets.
Kay will partner with Mark Decker to lead Proterra Net Lease, focusing on creating yield opportunities through sale-leaseback investments. The strategy aims to provide defensive cash yields through well-executed net leases, benefiting from rising rents, long-duration lease growth, and physical property collateral. Proterra believes Kay's expertise will complement their existing food value chain focus and help unlock value for business owners.
Proterra Investment Partners ha nominato David Kay come Direttore Generale per co-guidare la loro nuova iniziativa nel business immobiliare a locazione netta. Kay, precedentemente Fondatore e Managing Partner di Jera Partners (800 milioni di dollari di AUM), porta con sé un'ampia esperienza derivante dai suoi ruoli come Presidente e CEO di American Realty Capital Properties (poi VEREIT) e come co-fondatore ed esecutivo di Capital Automotive REIT, gestendo oltre 30 miliardi di dollari in attivi.
Kay collaborerà con Mark Decker per guidare Proterra Net Lease, concentrandosi sulla creazione di opportunità di rendimento attraverso investimenti in vendita e affitto. La strategia mira a fornire rendimenti difensivi attraverso locazioni netta ben eseguite, beneficiando di affitti in aumento, crescita delle locazioni a lungo termine e collaterale immobiliare fisico. Proterra crede che l'esperienza di Kay completerà il loro focus attuale sulla catena del valore alimentare e aiuterà a sbloccare valore per i proprietari di business.
Proterra Investment Partners ha nombrado a David Kay como Director General para co-dirigir su nueva iniciativa de negocio inmobiliario de arrendamiento neto. Kay, anteriormente Fundador y Socio Gerente de Jera Partners (800 millones de dólares de AUM), aporta una amplia experiencia de sus roles como Presidente y CEO de American Realty Capital Properties (más tarde VEREIT) y como cofundador y ejecutivo de Capital Automotive REIT, gestionando más de 30 mil millones de dólares en activos.
Kay se asociará con Mark Decker para liderar Proterra Net Lease, centrándose en crear oportunidades de rendimiento a través de inversiones de venta y arrendamiento. La estrategia tiene como objetivo proporcionar rendimientos defensivos a través de arrendamientos netos bien ejecutados, beneficiándose de alquileres en aumento, crecimiento de arrendamientos a largo plazo y colateral inmobiliario físico. Proterra cree que la experiencia de Kay complementará su enfoque existente en la cadena de valor de alimentos y ayudará a desbloquear valor para los propietarios de negocios.
프로테라 투자 파트너스는 데이비드 케이를 새로운 순 임대 부동산 비즈니스 이니셔티브의 공동 책임자로 임명했습니다. 케이는 이전에 제라 파트너스(800M 달러 AUM)의 창립자이자 관리 파트너로 일했으며, American Realty Capital Properties(이후 VEREIT)의 사장 겸 CEO, Capital Automotive REIT의 공동 창립자 및 경영진으로서 300억 달러 이상의 자산을 관리한 풍부한 경험을 가지고 있습니다.
케이는 마크 데커와 협력하여 프로테라 순 임대를 이끌어갈 것이며, 매각-임대 백 투자로 수익 기회를 창출하는 데 초점을 맞추고 있습니다. 이 전략은 잘 실행된 순 임대를 통해 방어적인 현금 수익을 제공하는 것을 목표로 하며, 상승하는 임대료, 장기 임대 성장 및 물리적 자산 담보의 혜택을 누릴 것입니다. 프로테라는 케이의 전문성이 기존의 식품 가치 사슬 집중을 보완하고 사업주에게 가치를 창출하는 데 도움을 줄 것이라고 믿고 있습니다.
Proterra Investment Partners a nommé David Kay en tant que Directeur Général pour co-diriger leur nouvelle initiative dans le secteur immobilier à bail net. Kay, anciennement Fondateur et Associé Gestionnaire de Jera Partners (800 millions de dollars AUM), apporte une vaste expérience tirée de ses rôles en tant que Président et CEO d'American Realty Capital Properties (plus tard VEREIT) et en tant que co-fondateur et cadre chez Capital Automotive REIT, gérant plus de 30 milliards de dollars d'actifs.
Kay collaborera avec Mark Decker pour diriger Proterra Net Lease, en se concentrant sur la création d'opportunités de rendement grâce à des investissements de vente-achat-vente. La stratégie vise à fournir des rendements en espèces défensifs grâce à des baux nets bien exécutés, profitant de la hausse des loyers, de la croissance des baux à long terme et des garanties immobilières physiques. Proterra croit que l'expertise de Kay complétera leur focus actuel sur la chaîne de valeur alimentaire et aidera à débloquer la valeur pour les propriétaires d'entreprises.
Proterra Investment Partners hat David Kay zum Managing Director ernannt, um ihre neue Initiative im Bereich der Netto-Mietimmobilien zu leiten. Kay, der zuvor Gründer und Managing Partner von Jera Partners (800 Millionen USD AUM) war, bringt umfangreiche Erfahrungen aus seinen Rollen als Präsident und CEO von American Realty Capital Properties (später VEREIT) sowie als Mitgründer und Geschäftsführer von Capital Automotive REIT mit, wo er über 30 Milliarden USD an Vermögenswerten verwaltete.
Kay wird mit Mark Decker zusammenarbeiten, um Proterra Net Lease zu leiten, mit dem Schwerpunkt auf der Schaffung von Renditechancen durch Sale-Leaseback-Investitionen. Die Strategie zielt darauf ab, defensive Cash-Renditen durch gut ausgeführte Nettomietverträge zu bieten, die von steigenden Mieten, einem Wachstum der langfristigen Mietverträge und physischen Immobilienkollateralen profitieren. Proterra ist überzeugt, dass Kays Expertise ihren bestehenden Fokus auf die Lebensmittellieferkette ergänzen und den Eigentümern von Unternehmen helfen wird, Wert zu schöpfen.
- Addition of industry expert David Kay with track record of managing $30B+ in assets
- Strategic expansion into net lease real estate market
- Potential for new revenue streams through sale-leaseback investments
- Synergy with existing food value chain business
- None.
Mr. Kay was most recently the Founder and Managing Partner of Jera Partners, a commercial real estate investment firm specializing in properties net-leased to quality credit tenants. Jera Partners has over
Prior to Jera, Mr. Kay served as President and CEO of American Realty Capital Properties, Inc. (ARCP) which was renamed VEREIT, Inc. (NYSE: VER) and later sold to Realty Income. He was also a co-founder, Chief Investment Officer, Chief Financial Officer, and Treasurer of Capital Automotive REIT (CARS). Both VER and CARS were large, publicly traded net-lease companies, with more than
Mr. Kay will co-head Proterra Net Lease alongside Mark Decker, who has been a trusted colleague for over 25 years. "David has been an innovator with respect to lease structure and financing since the late 1990s, and we're excited to help business owners unlock value from their real estate," said Decker.
The firm believes that well-executed net leases can provide an attractive, cycle-agnostic, defensive cash yield. Additionally, sale-leaseback investments should benefit from rising rents over time, steady contractual growth from long-duration leases, and the safety of collateral provided by the physical property itself. Proterra expects its relationships and knowledge in the food value chain will complement the strategy well.
"We believe David Kay is one of the top experts in the industry, and his expertise will help us create highly attractive, risk-controlled yield opportunities for Proterra's investors. We are thrilled that he has joined our team to lead this strategic expansion into net leased real estate." said Rich Gammill, Proterra's Managing Partner.
"Proterra has established itself as a leader in the food value chain and agribusiness industry," said Mr. Kay. "I have long admired the culture and collective expertise of the Proterra team, and I believe they have developed an optimal platform for executing sale-leasebacks and other net lease real estate transactions. I look forward to helping Proterra continue its exceptional success by expanding its reach into this asset class."
About Proterra Investment Partners LP
Proterra is an alternative asset manager that makes investments across the food value chain from farm to fork. The firm, which spun out of Black River Asset Management — a wholly owned, independently managed division of Cargill — focuses on seven core investment verticals: Credit, Farmland, Growth Equity, Private Equity, Sustainability, Asset-backed Strategies, and Real Estate. Led by a team that has worked together for more than a decade, Proterra manages approximately
Contact
Proterra Investment Partners LP
Matthew Coad
Head of Capital Formation
ir@proterrapartners.com
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SOURCE Proterra Investment Partners
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