#United States #Bloomfield Hills #Alidade Capital #George Razook #net lease

Alidade Capital Makes Strategic Hire for New Net Lease Initiative

In a significant move to enhance its real estate investment strategy, Alidade Capital, LLC, a prominent real estate fund manager, has announced the hiring of George Razook. Razook takes on the role of Managing Director — Portfolio Manager, focusing specifically on the firm's newly developed net lease investment strategy.

Based out of the New York metropolitan area, Razook will be instrumental in shaping and executing this strategy. His responsibilities will encompass a broad spectrum of activities, including portfolio construction, acquisition processes, financing avenues, comprehensive asset management, and vital fundraising efforts. With over 17 years of extensive experience in commercial real estate and financial services, Razook brings a wealth of knowledge to the firm.

Before joining Alidade Capital, Razook served as a 1st Vice President at CIM Group, where his expertise in managing a significant net lease investment portfolio was honed over six years. During his tenure at CIM, he oversaw a robust portfolio consisting of net lease and shopping center assets valued at approximately $5 billion. His leadership capabilities were further demonstrated by directing a team responsible for acquisitions and asset management, completing portfolio dispositions worth around $3.5 billion, and establishing CIM’s net lease asset-backed securitization program.

A graduate of Georgetown University, Razook also holds an MBA from the prestigious Wharton School at the University of Pennsylvania. His academic background complements his professional experience, making him a fitting addition to Alidade Capital’s leadership team.

Geoff Langdon, Co-Founder and Managing Partner at Alidade Capital, remarked on the firm’s vision, stating, "We began looking at the net lease space two years ago. We recognized a consolidation of managers and REITs that created a gap in the market, and we believe this is an excellent opportunity to provide a strong product offering to investors. With rising inflation and fluctuating interest rates, many investment portfolios may not be aligned with current market demands. We are confident that George’s skill set and rich experience will help us bridge this gap for our investors."

The net lease asset class pertains to any commercial real estate properties typically leased to a single, financially sound tenant via a long-term lease agreement. In these arrangements, the tenant is responsible for all operating expenses, as well as any capital expenditures connected to the property. Consequently, investment returns in this category are heavily weighted towards generating current income, making them an appealing option amidst changing economic climates.

In his statement, Razook expressed enthusiasm about the new role, saying, "I am excited to join Alidade Capital and leverage its expertise in data-driven and cash flow-focused real estate investing. I look forward to establishing a net lease investment business that prioritizes income generation while capitalizing on significant market opportunities."

About Alidade Capital

Alidade Capital is recognized as a real estate fund manager and a registered investment advisor. Before launching its new net lease initiative, the firm had historically focused on value-add real estate investments, predominantly in selected secondary markets with transactions typically ranging from $10 million to $50 million. Founded in 2010, Alidade Capital managed approximately $590 million in regulatory assets as of September 30, 2024. For further information regarding Alidade Capital and its investment strategies, visit their official website at www.alidadecapital.com.