SOUTHAMPTON, NY, 25 October 2021 / PRNewswire / – NOYACK Capital city (NOYACK) announces the launch of Noyack Logistics Income REIT (NLI), a forward-looking, holistic private fund targeting commercial real estate ownership relevant to logistics. Its investments will be driven by a disruptive acquisition strategy informed by emerging needs for driverless car infrastructure, same-day delivery, temperature-controlled storage and other rapidly evolving logistics uses. Currently a private equity fund, NLI intends to qualify as a Real Estate Investment Trust, or REIT, as of the end of its tax year. the 31st of December, 2022, and is structured as an umbrella partnership REIT, commonly referred to as âUPREITâ.
NLI will target four key asset classes: mobility hubs (a newly defined type of ownership that merges structured parking with amenities such as driverless car gates and recharges, parcel lockers and cold stores from grocery store), cold stores, dry warehouses and healthcare.
âOur focus on mobility hubs and other logistics infrastructure of the future is driven by our view that these logistics assets are undervalued relative to the maturity of the e-commerce market and that they offer potential asymmetric risk-return â, observes CJ Follini, Managing Partner.
Designed by investors for investors, NOYACK is a private investment manager founded by family office directors, including Follini. NOYACK will sow the UPREIT with an estimate $ 30 million of its principally owned industrial and parking assets, creating short-term dividend opportunities. NOYACK developed NLI’s TripleZero â¢ fee structure as one of the lowest in the REIT industry; investors should receive 100% of the invested capital and an IRR of 15% before NOYACK, as an external manager, receives any incentive bonus on the profits.
“Our plans for Noyack Logistics Income REIT (NLI) include investing in approximately $ 500 million forward-looking logistics properties serving the demands of consumers and the supply chain of the 2020s and beyond, âexplains Follini. âRecent disruptions and technological advancements have identified new value that we believe generates the potential for superior returns. Our proprietary market analyzes go beyond what we know for today’s last mile. They anticipate the imperatives of the next mile for real estate agile enough to adapt to cultural changes and new technologies. “
NOYACK oversee the initial subscription period starting immediately through a private placement memorandum available to qualified investors at www.noyacklogistics.com and will also oversee the operations of the new UPREIT as an external manager. Originally founded by Follini in 2005 to represent and manage investments as a Multi-Family Office, NOYACK managed to overtake $ 1.0 billion alternative real estate and venture capital assets, including the establishment and sale of a $ 300 million portfolio of health properties.
As managing partner of NOYACK and investment manager of his own family office investments in several alternative investment sectors, including real estate, Follini’s deep experience spans more than three decades and in sectors ranging from real estate to media and venture capital. Follini and his team will use their proprietary analysis to identify specialized assets meeting future logistics realities, such as the growing demand for specialized cold storage facilities serving food, grocery and healthcare; mobility hubs for parking autonomous vehicles and local delivery; parcel lockers; and other emerging needs of a modern screen-to-door economy.
IN REGARDS TO NOYACK Capital city
NOYACK Capital is a private investment firm established in 2005 to manage the investments of a group of several family offices, including the assets of CJ Follini and his family. The objective of NOYACK is to make investments that consistently generate superior risk-adjusted absolute returns over the long term by investing in alternative assets, called âwhite spacesâ. In addition to the launch of Noyack Logistics Income REIT, NOYACK engages in a wide range of investment activities, particularly those known as alternative assets such as distressed debt; undiscovered real estate categories; start-up venture capital; and esports games. NOYACK has offices located at new York and Los Angeles; please visit www.noyackcapital.com for more information.
This announcement does not constitute an offer to sell or the solicitation of an offer to buy securities. Offers to sell securities will only be made in accordance with NLI’s Confidential Private Placement Protocol (the âPPMâ). A complete copy of the PPM is available to all accredited and institutional qualified investors at www.noyacklogistics.com. Noyack Logistics Income REIT, Inc., will operate as a new Maryland company offering up to $ 100,000,000 in shares of its common stock under the terms and subject to the conditions set out in its PPM for qualified and accredited investors and institutions. Inasmuch as UPREIT, NLI will own substantially all of its assets and conduct substantially all of its business through NL REIT OP, LP, its operating company. NLI, as the sole general partner of the Operating Company, has sole control of the Operating Company. NLI is managed externally, which means its day-to-day operations are handled by its external manager, NOYACK Capital LLC.
THE SECURITIES DESCRIBED IN THIS NOTICE HAVE NOT BEEN REGISTERED WITH THE COMMISSION DES VALEURS MOBILIÃRES ET CHANGES UNITED STATES SECURITIES ACT, 1933, AS AMENDED (THE âSECURITIES ACTâ), THE INVESTMENT COMPANIES ACT, 1940, AS AMENDED (THE âINVESTMENT COMPANIES ACTâ), OR UNDER ALL STATE SECURITIES LAWS AND ARE OFFERED AND SOLD BASED ON EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF SECURITIES ACT AND STATE LAWS. THESE SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE, AND MAY NOT BE TERMINATED OR RESOLD UNLESS AUTHORIZED UNDER SECURITIES ACT AND APPLICABLE STATE SECURITY LAWS, OR ACCORDING TO STATE. ‘EXEMPTION UNDER THIS. THERE IS NO PUBLIC OR OTHER MARKET FOR SUCH INTERESTS, AND IT IS NOT LIKELY THAT SUCH MARKET WILL DEVELOP. ACCORDINGLY, INVESTORS SHOULD EXPECT TO BE REQUIRED TO RETAIN OWNERSHIP IN THE SECURITIES AND INSURANCE THE FINANCIAL RISKS OF SUCH INVESTMENT, INCLUDING TOTAL LOSS, FOR AN UNDEFINED PERIOD.
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