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Projects

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CASE STUDIES

TOPIC: Freestanding BTS Retail
PERSPECTIVES: Development and Acquisitions
PROPERTY: Portfolio of NNN Dollar General Properties
 Development Agreement:

As a direct result of its reputation and performance, D’Argent was approached by W.P. Carey (WPC) to engage in a Development Agreement for a portfolio of Dollar General Stores. Under this arrangement, WPC purchases the land and funds the development and construction. D’Argent’s team coordinates with WPC on the land acquisition and keeps members of WPC team apprised throughout the construction process through weekly updates, which include pictures and a Gantt chart of the project schedule and progress to date. At completion of the Dollar General Store, D’Argent provides a seamless transition of ownership and the corporately guaranteed 15-yr NNN lease.

Status:

To date, D’Argent has completed a series of the Dollar General Stores for WPC.

Outcome:

D’Argent and WPC have worked together successfully on this portfolio of Dollar General Stores. Through this type of collaboration, the needs and strategies of both companies are met: W.P. Carey has an acquisition of a predetermined number of freestanding NNN corporately guaranteed deals with a schedule of deliveries they can count on, and D’Argent receives capital for its projects and a guaranteed “take out” at the completion of the project.

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